FIR BANK, FELL LANE, PENRITH, CA11 8BJ - £391,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

FIR BANK is a very large semi-detached house of 278m², built sometime before 1900, which could now be worth an estimated £552,364. It was last sold for £391,500 in August 2016, which was around 116% above the average August 2016 semi-detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was February 2016, where the current energy rating was F, and the potential energy rating was C.

FIR BANK Sold Prices

Land registry data shows two sales for FIR BANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Westmorland and Furness local authority area for the corresponding sale date. Both of the two FIR 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
2016 5 AUG	£391,500	£181,067	116% above HPI
1998 4 AUG	£135,000	£55,476	143% above HPI

FIR BANK Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Westmorland and Furness local authority area over time, sourced from the HPI. The two FIR BANK sales from August 1998 and August 2016 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 August 1998 sale was for 143% above the HPI. So the extrapolation line tracks at 143% above the HPI over time, until the August 2016 sale, where it falls to 116% above the HPI. The line then continues to track at 116% above the HPI.

What might FIR BANK be worth now?

FIR BANK might now be worth an estimated £552,364.

This is based on house price inflation of 41.1%, between August 2016 and December 2024, for semi-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 41.1% inflationary increase is applied to the most recent sale price for FIR BANK of £391,500 on 5th August 2016. For the value to have increased from £391,500 to £552,364 over the seven years and eight months to December 2024, the following assumptions must hold true:

• The value of FIR BANK has moved in line with the HPI for semi-detached houses in the Westmorland and Furness local authority area.
• The August 2016 sale price of £391,500 represented a fair market value for the property.
• The size, condition, and specification of FIR BANK has not materially changed since August 2016.

How Large is FIR BANK?

FIR BANK is 278m² according to the EPC inspection conducted in February 2016. This puts it in the largest 10% of semi-detached houses houses in Penrith, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Penrith, and where FIR BANK lies on this distribution: 98% of semi-detached houses houses are smaller than FIR BANK, and 2% of houses are larger. Note that EPC data is not available for all properties in Penrith.

FIR BANK: Plot and Title Map

FIR BANK sits on a plot of roughly 0.291 of an acre, or 1,179m². The below map shows the location of FIR 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 FIR 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 FIR BANK?

FIR BANK is located on FELL LANE in PENRITH, in the CA11 postcode district. The below map shows the position of FIR BANK on FELL LANE.