5, RIMINGTON WAY, PENRITH, CA11 8TG - £300,000

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 RIMINGTON WAY is a midsized extended detached house of 116m², built sometime between 1991 and 1995. It was last sold for £300,000 in March 2021, which was around 11% below the average March 2021 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was C.

5 RIMINGTON WAY Sold Prices

Land registry data shows two sales for 5 RIMINGTON 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. One of the two 5 RIMINGTON WAY sales was for below the average price, whilst the other was 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
2021 8 MAR	£300,000	£338,860	11% below HPI
2001 13 DEC	£146,000	£129,555	13% above HPI

5 RIMINGTON 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 RIMINGTON WAY sales from December 2001 and March 2021 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 2001 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the March 2021 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 5 RIMINGTON WAY be worth now?

5 RIMINGTON WAY might now be worth an estimated £356,028.

This is based on house price inflation of 18.7%, between March 2021 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 18.7% inflationary increase is applied to the most recent sale price for 5 RIMINGTON WAY of £300,000 on 8th March 2021. For the value to have increased from £300,000 to £356,028 over the two years and three months to December 2024, the following assumptions must hold true:

• The value of 5 RIMINGTON WAY has moved in line with the HPI for detached houses in the Westmorland and Furness local authority area.
• The March 2021 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 5 RIMINGTON WAY has not materially changed since March 2021.

How Large is 5 RIMINGTON WAY?

5 RIMINGTON WAY is 116m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the smallest 50% 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 RIMINGTON WAY lies on this distribution: 47% of detached houses houses are smaller than 5 RIMINGTON WAY, and 52% of houses are larger. Note that EPC data is not available for all properties in Penrith.

5 RIMINGTON WAY: Plot and Title Map

5 RIMINGTON WAY sits on a plot of roughly 0.197 of an acre, or 797m². The below map shows the location of 5 RIMINGTON 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 RIMINGTON 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 RIMINGTON WAY?

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