FERN BANK, NEWBY BRIDGE, ULVERSTON, LA12 8ND - £440,000

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.

FERN BANK is a small extended detached house of 124m², built sometime between 1930 and 1949, which could now be worth an estimated £575,490. It was last sold for £440,000 in March 2018, which was around 44% above the average March 2018 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was April 2015, where the current energy rating was E, and the potential energy rating was D.

FERN BANK Sold Prices

Land registry data shows two sales for FERN BANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Westmorland and Furness local authority area for the corresponding sale date. Both of the two FERN BANK 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
2018 26 MAR	£440,000	£305,684	44% above HPI
2000 30 JUN	£190,000	£110,232	72% above HPI

FERN BANK 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 two FERN BANK sales from June 2000 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 June 2000 sale was for 72% above the HPI. So the extrapolation line tracks at 72% above the HPI over time, until the March 2018 sale, where it falls to 44% above the HPI. The line then continues to track at 44% above the HPI.

What might FERN BANK be worth now?

FERN BANK might now be worth an estimated £575,490.

This is based on house price inflation of 30.8%, between March 2018 and March 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 30.8% inflationary increase is applied to the most recent sale price for FERN BANK of £440,000 on 26th March 2018. For the value to have increased from £440,000 to £575,490 over the seven years to March 2025, the following assumptions must hold true:

• The value of FERN BANK has moved in line with the HPI for detached houses in the Westmorland and Furness local authority area.
• The March 2018 sale price of £440,000 represented a fair market value for the property.
• The size, condition, and specification of FERN BANK has not materially changed since March 2018.

How Large is FERN BANK?

FERN BANK is 124m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the smallest 30% of detached houses houses in Newby Bridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newby Bridge, and where FERN BANK lies on this distribution: 28% of detached houses houses are smaller than FERN BANK, and 72% of houses are larger. Note that EPC data is not available for all properties in Newby Bridge.

FERN BANK: Plot and Title Map

FERN BANK sits on a plot of roughly 0.714 of an acre, or 2,888m². The below map shows the location of FERN BANK, 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 FERN BANK). 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 FERN BANK?

FERN BANK is located in NEWBY BRIDGE, in the LA12 postcode district. The below map shows the position of FERN BANK in NEWBY BRIDGE.