2, THE AVENUE, GILGARRAN, WORKINGTON, CA14 4RD - £239,995

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 THE AVENUE is a midsized extended detached house of 122m², built sometime between 1996 and 2002, which could now be worth an estimated £335,516. It was last sold for £239,995 in February 2015, which was around 20% above the average February 2015 detached price in the Cumberland local authority area. The most recent EPC inspection was April 2013, where the current energy rating was E, and the potential energy rating was C.

2 THE AVENUE Sold Prices

Land registry data shows three sales for 2 THE AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cumberland local authority area for the corresponding sale date. All of the three 2 THE AVENUE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2015 20 FEB	£239,995	£199,286	20% above HPI
1997 10 OCT	£102,000	£76,055	34% above HPI
1996 28 JUN	£92,750	£69,386	34% above HPI

2 THE AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cumberland local authority area over time, sourced from the HPI. The three 2 THE AVENUE sales between June 1996 and February 2015 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 1997 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the February 2015 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 2 THE AVENUE be worth now?

2 THE AVENUE might now be worth an estimated £335,516.

This is based on house price inflation of 39.8%, between February 2015 and February 2025, for detached houses, in the Cumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 39.8% inflationary increase is applied to the most recent sale price for 2 THE AVENUE of £239,995 on 20th February 2015. For the value to have increased from £239,995 to £335,516 over the ten years to February 2025, the following assumptions must hold true:

• The value of 2 THE AVENUE has moved in line with the HPI for detached houses in the Cumberland local authority area.
• The February 2015 sale price of £239,995 represented a fair market value for the property.
• The size, condition, and specification of 2 THE AVENUE has not materially changed since February 2015.

How Large is 2 THE AVENUE?

2 THE AVENUE is 122m², which includes three extensions, according to the EPC inspection conducted in April 2013. This puts it in the smallest 50% of detached houses houses in Gilgarran, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gilgarran, and where 2 THE AVENUE lies on this distribution: 44% of detached houses houses are smaller than 2 THE AVENUE, and 56% of houses are larger. Note that EPC data is not available for all properties in Gilgarran.

2 THE AVENUE: Plot and Title Map

2 THE AVENUE sits on a plot of roughly 0.145 of an acre, or 587m². The below map shows the location of 2 THE AVENUE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 THE AVENUE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 THE AVENUE?

2 THE AVENUE is located in GILGARRAN, in the CA14 postcode district. The below map shows the position of No. 2 on THE AVENUE.