8, OAK ROAD, PENRITH, CA11 8TS - £199,500

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

8 OAK ROAD is a very small extended detached house of 80m², built sometime between 1967 and 1975. It was last sold for £199,500 in March 2017, which was around 32% below the average March 2017 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was B.

8 OAK ROAD Sold Prices

Land registry data shows two sales for 8 OAK ROAD 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 8 OAK ROAD 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
2017 24 MAR	£199,500	£293,580	32% below HPI
2002 7 JAN	£135,000	£129,766	4% above HPI

8 OAK ROAD 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 8 OAK ROAD sales from January 2002 and March 2017 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 January 2002 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the March 2017 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 8 OAK ROAD be worth now?

8 OAK ROAD might now be worth an estimated £273,275.

This is based on house price inflation of 37%, between March 2017 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 37% inflationary increase is applied to the most recent sale price for 8 OAK ROAD of £199,500 on 24th March 2017. For the value to have increased from £199,500 to £273,275 over the six years and three months to December 2024, the following assumptions must hold true:

• The value of 8 OAK ROAD has moved in line with the HPI for detached houses in the Westmorland and Furness local authority area.
• The March 2017 sale price of £199,500 represented a fair market value for the property.
• The size, condition, and specification of 8 OAK ROAD has not materially changed since March 2017.

How Large is 8 OAK ROAD?

8 OAK ROAD is 80m², which includes one extension, according to the EPC inspection conducted in August 2016. 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 8 OAK ROAD lies on this distribution: 13% of detached houses houses are smaller than 8 OAK ROAD, and 87% of houses are larger. Note that EPC data is not available for all properties in Penrith.

8 OAK ROAD: Plot and Title Map

8 OAK ROAD sits on a plot of roughly 0.093 of an acre, or 377m². The below map shows the location of 8 OAK ROAD, 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 OAK ROAD). 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 OAK ROAD?

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