8, RIMINGTON WAY, PENRITH, CA11 8TG - £255,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 RIMINGTON WAY is a very small detached house of 89m², built sometime between 1976 and 1982. It was last sold for £255,000 in February 2021, which was around 23% below the average February 2021 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was B.

8 RIMINGTON WAY Sold Prices

Land registry data shows four sales for 8 RIMINGTON WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Westmorland and Furness local authority area for the corresponding sale date. All of the four 8 RIMINGTON WAY 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
2021 26 FEB	£255,000	£331,790	23% below HPI
2018 21 SEP	£253,000	£309,544	18% below HPI
2007 2 MAR	£236,000	£264,186	11% below HPI
1998 9 APR	£85,000	£89,130	5% below HPI

8 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 four 8 RIMINGTON WAY sales between April 1998 and February 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 September 2018 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the February 2021 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 8 RIMINGTON WAY?

8 RIMINGTON WAY is 89m² according to the EPC inspection conducted in April 2018. 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 8 RIMINGTON WAY lies on this distribution: 20% of detached houses are smaller than 8 RIMINGTON WAY, and 79% of houses are larger. Note that EPC data is not available for all properties in Penrith.

8 RIMINGTON WAY: Plot and Title Map

8 RIMINGTON WAY sits on a plot of roughly 0.091 of an acre, or 368m². The below map shows the location of 8 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 8 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 8 RIMINGTON WAY?

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