8, CHERRY GARDENS, PENRITH, CA11 8UE - £178,500

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.

8 CHERRY GARDENS is a very small semi-detached house of 63m², built sometime between 1996 and 2002, which could now be worth an estimated £186,639. It was last sold for £178,500 in August 2022, which was around 26% below the average August 2022 semi-detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

8 CHERRY GARDENS Sold Prices

Land registry data shows four sales for 8 CHERRY GARDENS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Westmorland and Furness local authority area for the corresponding sale date. Two of the four 8 CHERRY GARDENS sales were for below the average price, whilst one 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
2022 26 AUG	£178,500	£241,260	26% below HPI
2004 28 MAY	£134,000	£122,942	9% above HPI
2000 27 JUL	£64,000	£64,132	Close to HPI
1995 21 JUL	£48,450	£50,882	5% below HPI

8 CHERRY GARDENS Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Westmorland and Furness local authority area over time, sourced from the HPI. The four 8 CHERRY GARDENS sales between July 1995 and August 2022 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 2004 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the August 2022 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 8 CHERRY GARDENS be worth now?

8 CHERRY GARDENS might now be worth an estimated £186,639.

This is based on house price inflation of 4.6%, between August 2022 and February 2025, for semi-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 4.6% inflationary increase is applied to the most recent sale price for 8 CHERRY GARDENS of £178,500 on 26th August 2022. For the value to have increased from £178,500 to £186,639 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 8 CHERRY GARDENS has moved in line with the HPI for semi-detached houses in the Westmorland and Furness local authority area.
• The August 2022 sale price of £178,500 represented a fair market value for the property.
• The size, condition, and specification of 8 CHERRY GARDENS has not materially changed since August 2022.

How Large is 8 CHERRY GARDENS?

8 CHERRY GARDENS is 63m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 10% of semi-detached houses houses in Penrith, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Penrith, and where 8 CHERRY GARDENS lies on this distribution: 2% of semi-detached houses houses are smaller than 8 CHERRY GARDENS, and 98% of houses are larger. Note that EPC data is not available for all properties in Penrith.

8 CHERRY GARDENS: Plot and Title Map

8 CHERRY GARDENS sits on a plot of roughly 0.044 of an acre, or 180m². The below map shows the location of 8 CHERRY 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 8 CHERRY 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 8 CHERRY GARDENS?

8 CHERRY GARDENS is located in PENRITH, in the CA11 postcode district. The below map shows the position of No. 8 on CHERRY GARDENS.