COLBY HOUSE, BERRIER ROAD, GREYSTOKE, PENRITH, CA11 0UB - £422,500

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.

COLBY HOUSE is a very large extended detached house of 186m², built sometime between 1950 and 1966, which could now be worth an estimated £550,376. It was last sold for £422,500 in March 2018, which was around 38% above the average March 2018 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was C.

COLBY HOUSE Sold Prices

Land registry data shows three sales for COLBY HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Westmorland and Furness local authority area for the corresponding sale date. One of the three COLBY HOUSE sales was for above the average price, whilst two 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
2018 26 MAR	£422,500	£305,684	38% above HPI
2014 17 APR	£210,000	£266,016	21% below HPI
1998 23 MAR	£90,000	£90,501	1% below HPI

COLBY HOUSE 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 three COLBY HOUSE sales between March 1998 and March 2018 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 April 2014 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the March 2018 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might COLBY HOUSE be worth now?

COLBY HOUSE might now be worth an estimated £550,376.

This is based on house price inflation of 30.3%, between March 2018 and February 2025, for detached houses, in the Westmorland and Furness local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.3% inflationary increase is applied to the most recent sale price for COLBY HOUSE of £422,500 on 26th March 2018. For the value to have increased from £422,500 to £550,376 over the seven years and one month to February 2025, the following assumptions must hold true:

• The value of COLBY HOUSE has moved in line with the HPI for detached houses in the Westmorland and Furness local authority area.
• The March 2018 sale price of £422,500 represented a fair market value for the property.
• The size, condition, and specification of COLBY HOUSE has not materially changed since March 2018.

How Large is COLBY HOUSE?

COLBY HOUSE is 186m², which includes two extensions, according to the EPC inspection conducted in September 2017. This puts it in the largest 20% of detached houses houses in Greystoke, based on EPC data. The below chart shows the distribution of detached houses houses by size in Greystoke, and where COLBY HOUSE lies on this distribution: 81% of detached houses houses are smaller than COLBY HOUSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Greystoke.

COLBY HOUSE: Plot and Title Map

COLBY HOUSE sits on a plot of roughly 0.115 of an acre, or 465m². The below map shows the location of COLBY HOUSE, 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 COLBY HOUSE). 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 COLBY HOUSE?

COLBY HOUSE is located on BERRIER ROAD in GREYSTOKE, in the CA11 postcode district. The below map shows the position of COLBY HOUSE on BERRIER ROAD.