5, PARKLANDS VIEW, PENRITH, CA11 8TE - £245,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 PARKLANDS VIEW is a very small detached house of 83m², built sometime between 1991 and 1995. It was last sold for £245,000 in November 2018, which was around 20% below the average November 2018 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

5 PARKLANDS VIEW Sold Prices

Land registry data shows two sales for 5 PARKLANDS VIEW 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 PARKLANDS VIEW 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
2018 9 NOV	£245,000	£307,163	20% below HPI
1997 21 AUG	£87,000	£91,214	5% below HPI

5 PARKLANDS VIEW 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 PARKLANDS VIEW sales from August 1997 and November 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 August 1997 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the November 2018 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 5 PARKLANDS VIEW be worth now?

5 PARKLANDS VIEW might now be worth an estimated £320,761.

This is based on house price inflation of 30.9%, between November 2018 and December 2024, for detached houses, in the Westmorland and Furness local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.9% inflationary increase is applied to the most recent sale price for 5 PARKLANDS VIEW of £245,000 on 9th November 2018. For the value to have increased from £245,000 to £320,761 over the five years and eleven months to December 2024, the following assumptions must hold true:

• The value of 5 PARKLANDS VIEW has moved in line with the HPI for detached houses in the Westmorland and Furness local authority area.
• The November 2018 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PARKLANDS VIEW has not materially changed since November 2018.

How Large is 5 PARKLANDS VIEW?

5 PARKLANDS VIEW is 83m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 20% of detached houses houses in Penrith, based on EPC data. The below chart shows the distribution of detached houses houses by size in Penrith, and where 5 PARKLANDS VIEW lies on this distribution: 16% of detached houses houses are smaller than 5 PARKLANDS VIEW, and 84% of houses are larger. Note that EPC data is not available for all properties in Penrith.

5 PARKLANDS VIEW: Plot and Title Map

5 PARKLANDS VIEW sits on a plot of roughly 0.170 of an acre, or 686m². The below map shows the location of 5 PARKLANDS VIEW, 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 PARKLANDS VIEW). 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 PARKLANDS VIEW?

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