7, MACADAM GARDENS, PENRITH, CA11 9HS - £240,000

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

7 MACADAM GARDENS is a very small extended detached house of 79m², built sometime between 1996 and 2002. It was last sold for £240,000 in May 2024, which was around 36% below the average May 2024 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was February 2024, where the current energy rating was D, and the potential energy rating was B.

7 MACADAM GARDENS Sold Prices

Land registry data shows three sales for 7 MACADAM GARDENS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Westmorland and Furness local authority area for the corresponding sale date. All of the three 7 MACADAM GARDENS 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
2024 3 MAY	£240,000	£376,128	36% below HPI
2016 23 JUN	£200,000	£279,619	28% below HPI
2000 8 DEC	£83,500	£114,750	27% below HPI

7 MACADAM GARDENS 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 three 7 MACADAM GARDENS sales between December 2000 and May 2024 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 June 2016 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the May 2024 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 7 MACADAM GARDENS?

7 MACADAM GARDENS is 79m², which includes two extensions, according to the EPC inspection conducted in February 2024. This puts it in the smallest 20% of detached houses in Penrith, based on EPC data. The below chart shows the distribution of detached houses by size in Penrith, and where 7 MACADAM GARDENS lies on this distribution: 12% of detached houses are smaller than 7 MACADAM GARDENS, and 87% of houses are larger. Note that EPC data is not available for all properties in Penrith.

7 MACADAM GARDENS: Plot and Title Map

7 MACADAM GARDENS sits on a plot of roughly 0.058 of an acre, or 236m². The below map shows the location of 7 MACADAM GARDENS, 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 MACADAM GARDENS). 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 MACADAM GARDENS?

7 MACADAM GARDENS is located in PENRITH, in the CA11 postcode district. The below map shows the position of No. 7 on MACADAM GARDENS.