5, CHESTNUT WAY, MILNTHORPE, LA7 7RB - £318,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 CHESTNUT WAY is a large detached house of 143m², built sometime between 1996 and 2002. It was last sold for £318,000 in June 2017, which was around 8% above the average June 2017 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was C.

5 CHESTNUT WAY Sold Prices

Land registry data shows two sales for 5 CHESTNUT WAY 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. Both of the two 5 CHESTNUT 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
2017 23 JUN	£318,000	£295,696	8% above HPI
2000 18 DEC	£159,950	£114,750	39% above HPI

5 CHESTNUT 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 two 5 CHESTNUT WAY sales from December 2000 and June 2017 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 December 2000 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the June 2017 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 5 CHESTNUT WAY?

5 CHESTNUT WAY is 143m² according to the EPC inspection conducted in March 2017. This puts it in the largest 30% of detached houses in Milnthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Milnthorpe, and where 5 CHESTNUT WAY lies on this distribution: 79% of detached houses are smaller than 5 CHESTNUT WAY, and 21% of houses are larger. Note that EPC data is not available for all properties in Milnthorpe.

5 CHESTNUT WAY: Plot and Title Map

5 CHESTNUT WAY sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of 5 CHESTNUT 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 5 CHESTNUT 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 5 CHESTNUT WAY?

5 CHESTNUT WAY is located in MILNTHORPE, in the LA7 postcode district. The below map shows the position of No. 5 on CHESTNUT WAY.