3, PEAR TREE WAY, PENRITH, CA11 8WA - £465,000

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 PEAR TREE WAY is a very large extended detached house of 218m², built sometime between 2003 and 2006. It was last sold for £465,000 in October 2018, which was around 53% above the average October 2018 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was May 2013, where the current energy rating was C, and the potential energy rating was C.

3 PEAR TREE WAY Sold Prices

Land registry data shows five sales for 3 PEAR TREE WAY 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 PEAR TREE WAY 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
2018 12 OCT	£465,000	£303,639	53% above HPI
2015 27 FEB	£486,000	£270,294	80% above HPI
2013 4 JUL	£465,000	£257,370	81% above HPI
2009 16 JAN	£390,000	£245,964	59% above HPI
2004 14 JUL	£374,500	£215,131	74% above HPI

3 PEAR TREE 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 five 3 PEAR TREE WAY sales between July 2004 and October 2018 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 February 2015 sale was for 80% above the HPI. So the extrapolation line tracks at 80% above the HPI over time, until the October 2018 sale, where it falls to 53% above the HPI. The line then continues to track at 53% above the HPI.

How Large is 3 PEAR TREE WAY?

3 PEAR TREE WAY is 218m², which includes two extensions, according to the EPC inspection conducted in May 2013. This puts it in the largest 10% 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 PEAR TREE WAY lies on this distribution: 96% of detached houses are smaller than 3 PEAR TREE WAY, and 4% of houses are larger. Note that EPC data is not available for all properties in Penrith.

3 PEAR TREE WAY: Plot and Title Map

3 PEAR TREE WAY sits on a plot of roughly 0.308 of an acre, or 1,248m². The below map shows the location of 3 PEAR TREE 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 3 PEAR TREE 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 3 PEAR TREE WAY?

3 PEAR TREE WAY is located in PENRITH, in the CA11 postcode district. The below map shows the position of No. 3 on PEAR TREE WAY.