29, RIMINGTON WAY, PENRITH, CA11 8TG - £225,000

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

29 RIMINGTON WAY is a very small extended detached house of 70m², built sometime between 1983 and 1990, which could now be worth an estimated £303,177. It was last sold for £225,000 in May 2017, which was around 25% below the average May 2017 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was B.

29 RIMINGTON WAY Sold Prices

Land registry data shows two sales for 29 RIMINGTON WAY 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 29 RIMINGTON WAY sales were for below 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
2017 9 MAY	£225,000	£298,449	25% below HPI
2015 28 AUG	£175,000	£282,783	38% below HPI

29 RIMINGTON WAY 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 29 RIMINGTON WAY sales from August 2015 and May 2017 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 August 2015 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the May 2017 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 29 RIMINGTON WAY be worth now?

29 RIMINGTON WAY might now be worth an estimated £303,177.

This is based on house price inflation of 34.7%, between May 2017 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 34.7% inflationary increase is applied to the most recent sale price for 29 RIMINGTON WAY of £225,000 on 9th May 2017. For the value to have increased from £225,000 to £303,177 over the six years and five months to December 2024, the following assumptions must hold true:

• The value of 29 RIMINGTON WAY has moved in line with the HPI for detached houses in the Westmorland and Furness local authority area.
• The May 2017 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 29 RIMINGTON WAY has not materially changed since May 2017.

How Large is 29 RIMINGTON WAY?

29 RIMINGTON WAY is 70m², which includes one extension, according to the EPC inspection conducted in February 2017. This puts it in the smallest 10% 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 29 RIMINGTON WAY lies on this distribution: 5% of detached houses houses are smaller than 29 RIMINGTON WAY, and 94% of houses are larger. Note that EPC data is not available for all properties in Penrith.

29 RIMINGTON WAY: Plot and Title Map

29 RIMINGTON WAY sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 29 RIMINGTON WAY, 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 29 RIMINGTON WAY). 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 29 RIMINGTON WAY?

29 RIMINGTON WAY is located in PENRITH, in the CA11 postcode district. The below map shows the position of No. 29 on RIMINGTON WAY.