7, CHERRY LANE, CARLISLE, CA1 3GJ - £330,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 CHERRY LANE is a very large extended detached house of 152m², built sometime between 1996 and 2002, which could now be worth an estimated £461,344. It was last sold for £330,000 in February 2015, which was around 66% above the average February 2015 detached price in the Cumberland local authority area. The most recent EPC inspection was June 2010, where the current energy rating was C, and the potential energy rating was C.

7 CHERRY LANE Sold Prices

Land registry data shows four sales for 7 CHERRY LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cumberland local authority area for the corresponding sale date. All of the four 7 CHERRY LANE 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
2015 4 FEB	£330,000	£199,286	66% above HPI
2011 27 MAY	£310,000	£193,632	60% above HPI
2010 19 OCT	£302,000	£206,427	46% above HPI
2002 13 DEC	£180,000	£104,177	73% above HPI

7 CHERRY LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cumberland local authority area over time, sourced from the HPI. The four 7 CHERRY LANE sales between December 2002 and February 2015 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 May 2011 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the February 2015 sale, where it rises to 66% above the HPI. The line then continues to track at 66% above the HPI.

What might 7 CHERRY LANE be worth now?

7 CHERRY LANE might now be worth an estimated £461,344.

This is based on house price inflation of 39.8%, between February 2015 and February 2025, for detached houses, in the Cumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 39.8% inflationary increase is applied to the most recent sale price for 7 CHERRY LANE of £330,000 on 4th February 2015. For the value to have increased from £330,000 to £461,344 over the ten years to February 2025, the following assumptions must hold true:

• The value of 7 CHERRY LANE has moved in line with the HPI for detached houses in the Cumberland local authority area.
• The February 2015 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CHERRY LANE has not materially changed since February 2015.

How Large is 7 CHERRY LANE?

7 CHERRY LANE is 152m², which includes one extension, according to the EPC inspection conducted in June 2010. This puts it in the largest 20% of detached houses houses in Carlisle, based on EPC data. The below chart shows the distribution of detached houses houses by size in Carlisle, and where 7 CHERRY LANE lies on this distribution: 87% of detached houses houses are smaller than 7 CHERRY LANE, and 13% of houses are larger. Note that EPC data is not available for all properties in Carlisle.

7 CHERRY LANE: Plot and Title Map

7 CHERRY LANE sits on a plot of roughly 0.147 of an acre, or 596m². The below map shows the location of 7 CHERRY LANE, 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 7 CHERRY LANE). 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 7 CHERRY LANE?

7 CHERRY LANE is located in CARLISLE, in the CA1 postcode district. The below map shows the position of No. 7 on CHERRY LANE.