3, BARKHOUSE CLOSE, PENRITH, CA11 8NE - £235,000

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.

3 BARKHOUSE CLOSE is a very small detached house of 65m², built sometime between 1976 and 1982, which could now be worth an estimated £277,272. It was last sold for £235,000 in March 2021, which was around 31% below the average March 2021 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

3 BARKHOUSE CLOSE Sold Prices

Land registry data shows three sales for 3 BARKHOUSE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Westmorland and Furness local authority area for the corresponding sale date. All of the three 3 BARKHOUSE CLOSE 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
2021 11 MAR	£235,000	£338,860	31% below HPI
2011 7 MAR	£185,000	£277,342	33% below HPI
2007 12 OCT	£202,000	£284,526	29% below HPI

3 BARKHOUSE CLOSE 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 three 3 BARKHOUSE CLOSE sales between October 2007 and March 2021 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 March 2011 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the March 2021 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 3 BARKHOUSE CLOSE be worth now?

3 BARKHOUSE CLOSE might now be worth an estimated £277,272.

This is based on house price inflation of 18%, between March 2021 and March 2025, 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 18% inflationary increase is applied to the most recent sale price for 3 BARKHOUSE CLOSE of £235,000 on 11th March 2021. For the value to have increased from £235,000 to £277,272 over the four years to March 2025, the following assumptions must hold true:

• The value of 3 BARKHOUSE CLOSE has moved in line with the HPI for detached houses in the Westmorland and Furness local authority area.
• The March 2021 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 3 BARKHOUSE CLOSE has not materially changed since March 2021.

How Large is 3 BARKHOUSE CLOSE?

3 BARKHOUSE CLOSE is 65m² according to the EPC inspection conducted in September 2020. 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 3 BARKHOUSE CLOSE lies on this distribution: 3% of detached houses houses are smaller than 3 BARKHOUSE CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Penrith.

3 BARKHOUSE CLOSE: Plot and Title Map

3 BARKHOUSE CLOSE sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 3 BARKHOUSE CLOSE, 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 3 BARKHOUSE CLOSE). 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 3 BARKHOUSE CLOSE?

3 BARKHOUSE CLOSE is located in PENRITH, in the CA11 postcode district. The below map shows the position of No. 3 on BARKHOUSE CLOSE.