HOPE HOUSE, LAZONBY, PENRITH, CA10 1BL - £284,950

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.

HOPE HOUSE is a midsized extended detached house of 131m², built sometime before 1900, which could now be worth an estimated £397,519. It was last sold for £284,950 in December 2015, which was about the average December 2015 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was D.

HOPE HOUSE Sold Prices

Land registry data shows four sales for HOPE HOUSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Westmorland and Furness local authority area for the corresponding sale date. The four HOPE HOUSE sales were a mix of roughly equal to the average price, above the average price, and 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
2015 11 DEC	£284,950	£285,441	Close to HPI
2007 5 OCT	£298,000	£284,526	5% above HPI
2003 4 OCT	£165,000	£187,249	12% below HPI
1996 16 JUL	£85,000	£80,829	5% above HPI

HOPE 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 four HOPE HOUSE sales between July 1996 and December 2015 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 October 2007 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the December 2015 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might HOPE HOUSE be worth now?

HOPE HOUSE might now be worth an estimated £397,519.

This is based on house price inflation of 39.5%, between December 2015 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 39.5% inflationary increase is applied to the most recent sale price for HOPE HOUSE of £284,950 on 11th December 2015. For the value to have increased from £284,950 to £397,519 over the ten years and ten months to February 2025, the following assumptions must hold true:

• The value of HOPE HOUSE has moved in line with the HPI for detached houses in the Westmorland and Furness local authority area.
• The December 2015 sale price of £284,950 represented a fair market value for the property.
• The size, condition, and specification of HOPE HOUSE has not materially changed since December 2015.

How Large is HOPE HOUSE?

HOPE HOUSE is 131m², which includes two extensions, according to the EPC inspection conducted in June 2011. This puts it in the smallest 50% of detached houses houses in Lazonby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lazonby, and where HOPE HOUSE lies on this distribution: 44% of detached houses houses are smaller than HOPE HOUSE, and 56% of houses are larger. Note that EPC data is not available for all properties in Lazonby.

HOPE HOUSE: Plot and Title Map

HOPE HOUSE sits on a plot of roughly 0.091 of an acre, or 368m². The below map shows the location of HOPE 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 HOPE 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 HOPE HOUSE?

HOPE HOUSE is located in LAZONBY, in the CA10 postcode district. The below map shows the position of HOPE HOUSE in LAZONBY.