3, COLD SPRINGS PARK, PENRITH, CA11 8EY - £445,000

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 COLD SPRINGS PARK is a large extended detached house of 135m², built sometime between 1983 and 1990, which could now be worth an estimated £493,074. It was last sold for £445,000 in February 2022, which was around 24% above the average February 2022 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was C.

3 COLD SPRINGS PARK Sold Prices

Land registry data shows three sales for 3 COLD SPRINGS PARK 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 COLD SPRINGS PARK 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
2022 10 FEB	£445,000	£359,380	24% above HPI
2019 19 JUN	£335,000	£319,867	5% above HPI
1995 19 OCT	£122,000	£82,279	48% above HPI

3 COLD SPRINGS PARK 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 COLD SPRINGS PARK sales between October 1995 and February 2022 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 June 2019 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the February 2022 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 3 COLD SPRINGS PARK be worth now?

3 COLD SPRINGS PARK might now be worth an estimated £493,074.

This is based on house price inflation of 10.8%, between February 2022 and February 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 10.8% inflationary increase is applied to the most recent sale price for 3 COLD SPRINGS PARK of £445,000 on 10th February 2022. For the value to have increased from £445,000 to £493,074 over the three years to February 2025, the following assumptions must hold true:

• The value of 3 COLD SPRINGS PARK has moved in line with the HPI for detached houses in the Westmorland and Furness local authority area.
• The February 2022 sale price of £445,000 represented a fair market value for the property.
• The size, condition, and specification of 3 COLD SPRINGS PARK has not materially changed since February 2022.

How Large is 3 COLD SPRINGS PARK?

3 COLD SPRINGS PARK is 135m², which includes two extensions, according to the EPC inspection conducted in November 2014. This puts it in the largest 40% 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 COLD SPRINGS PARK lies on this distribution: 61% of detached houses houses are smaller than 3 COLD SPRINGS PARK, and 38% of houses are larger. Note that EPC data is not available for all properties in Penrith.

3 COLD SPRINGS PARK: Plot and Title Map

3 COLD SPRINGS PARK sits on a plot of roughly 0.218 of an acre, or 882m². The below map shows the location of 3 COLD SPRINGS PARK, 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 COLD SPRINGS PARK). 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 COLD SPRINGS PARK?

3 COLD SPRINGS PARK is located in PENRITH, in the CA11 postcode district. The below map shows the position of No. 3 on COLD SPRINGS PARK.