BANKS LODGE, WEST AVENUE, WIGTON, CA7 9LG - £260,000

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.

BANKS LODGE is a midsized detached house of 113m², built sometime between 2007 and 2011, which could now be worth an estimated £345,996. It was last sold for £260,000 in May 2017, which was around 24% above the average May 2017 detached price in the Cumberland local authority area. The most recent EPC inspection was June 2024, where the current energy rating was C, and the potential energy rating was B.

BANKS LODGE Sold Prices

Land registry data shows three sales for BANKS LODGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cumberland local authority area for the corresponding sale date. All of the three BANKS LODGE 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
2017 22 MAY	£260,000	£209,358	24% above HPI
2014 11 NOV	£250,000	£199,572	25% above HPI
2009 14 AUG	£220,000	£193,159	14% above HPI

BANKS 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 three BANKS LODGE sales between August 2009 and May 2017 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 November 2014 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the May 2017 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might BANKS LODGE be worth now?

BANKS LODGE might now be worth an estimated £345,996.

This is based on house price inflation of 33.1%, between May 2017 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 33.1% inflationary increase is applied to the most recent sale price for BANKS LODGE of £260,000 on 22nd May 2017. For the value to have increased from £260,000 to £345,996 over the eight years and three months to February 2025, the following assumptions must hold true:

• The value of BANKS LODGE has moved in line with the HPI for detached houses in the Cumberland local authority area.
• The May 2017 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of BANKS LODGE has not materially changed since May 2017.

How Large is BANKS LODGE?

BANKS LODGE is 113m² according to the EPC inspection conducted in June 2024. This puts it in the largest 50% 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 BANKS LODGE lies on this distribution: 51% of detached houses houses are smaller than BANKS LODGE, and 48% of houses are larger. Note that EPC data is not available for all properties in Wigton.

BANKS LODGE: Plot and Title Map

BANKS LODGE sits on a plot of roughly 74.2 acres, or 300,180m². The below map shows the location of BANKS 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 BANKS 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 BANKS LODGE?

BANKS LODGE is located on WEST AVENUE in WIGTON, in the CA7 postcode district. The below map shows the position of BANKS LODGE on WEST AVENUE.