9, SOUTH BANK CLOSE, WIGTON, CA7 9LR - £275,000

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.

9 SOUTH BANK CLOSE is a large extended detached house of 134m², built sometime between 1996 and 2002, which could now be worth an estimated £292,825. It was last sold for £275,000 in August 2022, which was around 5% above the average August 2022 detached price in the Cumberland local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

9 SOUTH BANK CLOSE Sold Prices

Land registry data shows two sales for 9 SOUTH BANK CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cumberland local authority area for the corresponding sale date. Both of the two 9 SOUTH BANK CLOSE sales were 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 30 AUG	£275,000	£261,645	5% above HPI
1999 12 JUL	£90,000	£80,362	12% above HPI

9 SOUTH BANK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cumberland local authority area over time, sourced from the HPI. The two 9 SOUTH BANK CLOSE sales from July 1999 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 July 1999 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the August 2022 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 9 SOUTH BANK CLOSE be worth now?

9 SOUTH BANK CLOSE might now be worth an estimated £292,825.

This is based on house price inflation of 6.5%, between August 2022 and February 2025, for detached houses, in the Cumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.5% inflationary increase is applied to the most recent sale price for 9 SOUTH BANK CLOSE of £275,000 on 30th August 2022. For the value to have increased from £275,000 to £292,825 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 9 SOUTH BANK CLOSE has moved in line with the HPI for detached houses in the Cumberland local authority area.
• The August 2022 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 9 SOUTH BANK CLOSE has not materially changed since August 2022.

How Large is 9 SOUTH BANK CLOSE?

9 SOUTH BANK CLOSE is 134m², which includes four extensions, according to the EPC inspection conducted in March 2022. This puts it in the largest 30% of detached houses houses in Wigton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wigton, and where 9 SOUTH BANK CLOSE lies on this distribution: 76% of detached houses houses are smaller than 9 SOUTH BANK CLOSE, and 24% of houses are larger. Note that EPC data is not available for all properties in Wigton.

9 SOUTH BANK CLOSE: Plot and Title Map

9 SOUTH BANK CLOSE sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 9 SOUTH BANK CLOSE, 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 SOUTH BANK CLOSE). 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 SOUTH BANK CLOSE?

9 SOUTH BANK CLOSE is located in WIGTON, in the CA7 postcode district. The below map shows the position of No. 9 on SOUTH BANK CLOSE.