BANKFIELD LODGE, BANK ROAD, WORKINGTON, CA14 3YN - £175,000

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

BANKFIELD LODGE is a very small detached house of 81m², built sometime before 1900. It was last sold for £175,000 in October 2021, which was around 27% below the average October 2021 detached price in the Cumberland local authority area. The most recent EPC inspection was June 2021, where the current energy rating was F, and the potential energy rating was C.

BANKFIELD LODGE Sold Prices

Land registry data shows two sales for BANKFIELD LODGE 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 BANKFIELD LODGE 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 22 OCT	£175,000	£238,516	27% below HPI
1999 26 FEB	£47,500	£76,227	38% below HPI

BANKFIELD LODGE 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 BANKFIELD LODGE sales from February 1999 and October 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 February 1999 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the October 2021 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is BANKFIELD LODGE?

BANKFIELD LODGE is 81m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 20% of detached houses in Workington, based on EPC data. The below chart shows the distribution of detached houses by size in Workington, and where BANKFIELD LODGE lies on this distribution: 15% of detached houses are smaller than BANKFIELD LODGE, and 84% of houses are larger. Note that EPC data is not available for all properties in Workington.

BANKFIELD LODGE: Plot and Title Map

BANKFIELD LODGE sits on a plot of roughly 0.139 of an acre, or 562m². The below map shows the location of BANKFIELD LODGE, 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 BANKFIELD LODGE). 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 BANKFIELD LODGE?

BANKFIELD LODGE is located on BANK ROAD in WORKINGTON, in the CA14 postcode district. The below map shows the position of BANKFIELD LODGE on BANK ROAD.