3, MACADAM GARDENS, PENRITH, CA11 9HS - £214,000

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 MACADAM GARDENS is a very small detached house of 80m², built sometime between 1996 and 2002. It was last sold for £214,000 in March 2019, which was around 30% below the average March 2019 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was B.

3 MACADAM GARDENS Sold Prices

Land registry data shows five sales for 3 MACADAM GARDENS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Westmorland and Furness local authority area for the corresponding sale date. All of the five 3 MACADAM GARDENS 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
2019 28 MAR	£214,000	£304,833	30% below HPI
2014 28 NOV	£205,000	£272,764	25% below HPI
2003 17 DEC	£150,500	£193,672	22% below HPI
2003 20 FEB	£125,000	£158,298	21% below HPI
1997 3 JAN	£82,050	£84,078	2% below HPI

3 MACADAM GARDENS 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 five 3 MACADAM GARDENS sales between January 1997 and March 2019 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 November 2014 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the March 2019 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 3 MACADAM GARDENS?

3 MACADAM GARDENS is 80m² according to the EPC inspection conducted in August 2013. This puts it in the smallest 20% 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 MACADAM GARDENS lies on this distribution: 13% of detached houses are smaller than 3 MACADAM GARDENS, and 86% of houses are larger. Note that EPC data is not available for all properties in Penrith.

3 MACADAM GARDENS: Plot and Title Map

3 MACADAM GARDENS sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 3 MACADAM GARDENS, 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 MACADAM GARDENS). 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 MACADAM GARDENS?

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