3, DERWENT CLOSE, PENRITH, CA11 9GP - £325,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 DERWENT CLOSE is a large detached house of 149m², built sometime between 1996 and 2002. It was last sold for £325,000 in November 2022, which was around 13% below the average November 2022 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was B.

3 DERWENT CLOSE Sold Prices

Land registry data shows two sales for 3 DERWENT CLOSE 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. One of the two 3 DERWENT CLOSE sales was for below the average price, whilst the other was 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 16 NOV	£325,000	£373,536	13% below HPI
2014 1 AUG	£280,000	£270,517	4% above HPI

3 DERWENT 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 two 3 DERWENT CLOSE sales from August 2014 and November 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 August 2014 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the November 2022 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 3 DERWENT CLOSE?

3 DERWENT CLOSE is 149m² according to the EPC inspection conducted in May 2013. This puts it in the largest 30% of detached houses in Penrith, based on EPC data. The below chart shows the distribution of detached houses by size in Penrith, and where 3 DERWENT CLOSE lies on this distribution: 73% of detached houses are smaller than 3 DERWENT CLOSE, and 25% of houses are larger. Note that EPC data is not available for all properties in Penrith.

3 DERWENT CLOSE: Plot and Title Map

3 DERWENT CLOSE sits on a plot of roughly 0.113 of an acre, or 459m². The below map shows the location of 3 DERWENT 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 DERWENT 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 DERWENT CLOSE?

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