2, THE PARKLANDS, PENRITH, CA11 8TF - £410,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 THE PARKLANDS is a large detached house of 149m², built sometime between 1991 and 1995. It was last sold for £410,000 in July 2024, which was around 10% above the average July 2024 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was C.

2 THE PARKLANDS Sold Prices

Land registry data shows two sales for 2 THE PARKLANDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Westmorland and Furness local authority area for the corresponding sale date. Both of the two 2 THE PARKLANDS 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
2024 22 JUL	£410,000	£371,106	10% above HPI
1995 8 SEP	£97,000	£85,296	14% above HPI

2 THE PARKLANDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Westmorland and Furness local authority area over time, sourced from the HPI. The two 2 THE PARKLANDS sales from September 1995 and July 2024 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 September 1995 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the July 2024 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 2 THE PARKLANDS be worth now?

2 THE PARKLANDS might now be worth an estimated £444,293.

This is based on house price inflation of 8.4%, between July 2024 and December 2024, for detached houses, in the Westmorland and Furness local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.4% inflationary increase is applied to the most recent sale price for 2 THE PARKLANDS of £410,000 on 22nd July 2024. For the value to have increased from £410,000 to £444,293 over the seven months to December 2024, the following assumptions must hold true:

• The value of 2 THE PARKLANDS has moved in line with the HPI for detached houses in the Westmorland and Furness local authority area.
• The July 2024 sale price of £410,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE PARKLANDS has not materially changed since July 2024.

How Large is 2 THE PARKLANDS?

2 THE PARKLANDS is 149m² according to the EPC inspection conducted in May 2023. This puts it in the largest 30% of detached houses houses in Penrith, based on EPC data. The below chart shows the distribution of detached houses houses by size in Penrith, and where 2 THE PARKLANDS lies on this distribution: 74% of detached houses houses are smaller than 2 THE PARKLANDS, and 25% of houses are larger. Note that EPC data is not available for all properties in Penrith.

2 THE PARKLANDS: Plot and Title Map

2 THE PARKLANDS sits on a plot of roughly 0.187 of an acre, or 757m². The below map shows the location of 2 THE PARKLANDS, 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 PARKLANDS). 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 PARKLANDS?

2 THE PARKLANDS is located in PENRITH, in the CA11 postcode district. The below map shows the position of No. 2 on THE PARKLANDS.