9, OAK ROAD, PENRITH, CA11 8TS - £283,000

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

9 OAK ROAD is a very small detached house of 74m², built sometime between 1976 and 1982. It was last sold for £283,000 in April 2024, which was around 24% below the average April 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.

9 OAK ROAD Sold Prices

Land registry data shows four sales for 9 OAK ROAD 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 9 OAK ROAD 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 17 APR	£283,000	£370,442	24% below HPI
2015 1 MAY	£162,500	£275,183	41% below HPI
2002 25 JAN	£95,000	£127,569	26% below HPI
1999 19 MAR	£68,000	£94,103	28% below HPI

9 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 four 9 OAK ROAD sales between March 1999 and April 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 May 2015 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the April 2024 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 9 OAK ROAD?

9 OAK ROAD is 74m² according to the EPC inspection conducted in February 2024. This puts it in the smallest 10% of detached houses in Penrith, based on EPC data. The below chart shows the distribution of detached houses by size in Penrith, and where 9 OAK ROAD lies on this distribution: 7% of detached houses are smaller than 9 OAK ROAD, and 92% of houses are larger. Note that EPC data is not available for all properties in Penrith.

9 OAK ROAD: Plot and Title Map

9 OAK ROAD sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 9 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 9 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 9 OAK ROAD?

9 OAK ROAD is located in PENRITH, in the CA11 postcode district. The below map shows the position of No. 9 on OAK ROAD.