BANKFOLD, BECKERMET, CA21 2YF - £425,000

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

BANKFOLD is a very small detached house of 79m², built sometime between 1983 and 1990. It was last sold for £425,000 in July 2023, which was around 64% above the average July 2023 detached price in the Cumberland local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was C.

BANKFOLD Sold Prices

Land registry data shows two sales for BANKFOLD 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. One of the two BANKFOLD sales was for above the average price, whilst the other was 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
2023 3 JUL	£425,000	£258,884	64% above HPI
2020 7 FEB	£160,000	£215,881	26% below HPI

BANKFOLD 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 BANKFOLD sales from February 2020 and July 2023 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 2020 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the July 2023 sale, where it rises to 64% above the HPI. The line then continues to track at 64% above the HPI.

How Large is BANKFOLD?

BANKFOLD is 79m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 20% of detached houses in Beckermet, based on EPC data. The below chart shows the distribution of detached houses by size in Beckermet, and where BANKFOLD lies on this distribution: 10% of detached houses are smaller than BANKFOLD, and 90% of houses are larger. Note that EPC data is not available for all properties in Beckermet.

BANKFOLD: Plot and Title Map

BANKFOLD sits on a plot of roughly 0.163 of an acre, or 659m². The below map shows the location of BANKFOLD, 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 BANKFOLD). 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 BANKFOLD?

BANKFOLD is located in BECKERMET, in the CA21 postcode district. The below map shows the position of BANKFOLD in BECKERMET.