5, LABURNUM WAY, PENRITH, CA11 8UJ - £191,000

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

5 LABURNUM WAY is a small extended detached house of 92m², built sometime between 1996 and 2002. It was last sold for £191,000 in June 2016, which was around 32% below the average June 2016 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

5 LABURNUM WAY Sold Prices

Land registry data shows two sales for 5 LABURNUM 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 LABURNUM WAY 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
2016 24 JUN	£191,000	£279,619	32% below HPI
2000 15 NOV	£97,750	£117,159	17% below HPI

5 LABURNUM 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 LABURNUM WAY sales from November 2000 and June 2016 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 2000 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the June 2016 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 5 LABURNUM WAY?

5 LABURNUM WAY is 92m², which includes two extensions, according to the EPC inspection conducted in March 2016. This puts it in the smallest 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 5 LABURNUM WAY lies on this distribution: 25% of detached houses are smaller than 5 LABURNUM WAY, and 74% of houses are larger. Note that EPC data is not available for all properties in Penrith.

5 LABURNUM WAY: Plot and Title Map

5 LABURNUM WAY sits on a plot of roughly 0.075 of an acre, or 302m². The below map shows the location of 5 LABURNUM 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 LABURNUM 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 LABURNUM WAY?

5 LABURNUM WAY is located in PENRITH, in the CA11 postcode district. The below map shows the position of No. 5 on LABURNUM WAY.