LANE CLOSE, BLITTERLEES, WIGTON, CA7 4JJ - £192,000

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.

LANE CLOSE is a very small detached house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £247,786. It was last sold for £192,000 in February 2020, which was around 11% below the average February 2020 detached price in the Cumberland local authority area. The most recent EPC inspection was October 2010, where the current energy rating was E, and the potential energy rating was D.

LANE CLOSE Sold Prices

Land registry data shows four sales for LANE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cumberland local authority area for the corresponding sale date. All of the four LANE CLOSE sales 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
2020 7 FEB	£192,000	£215,880	11% below HPI
2012 3 FEB	£152,000	£188,783	19% below HPI
1996 25 APR	£56,500	£67,595	16% below HPI
1995 1 SEP	£58,000	£68,983	16% below HPI

LANE CLOSE 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 four LANE CLOSE sales between September 1995 and February 2020 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 February 2012 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the February 2020 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might LANE CLOSE be worth now?

LANE CLOSE might now be worth an estimated £247,786.

This is based on house price inflation of 29.1%, between February 2020 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 29.1% inflationary increase is applied to the most recent sale price for LANE CLOSE of £192,000 on 7th February 2020. For the value to have increased from £192,000 to £247,786 over the five years to February 2025, the following assumptions must hold true:

• The value of LANE CLOSE has moved in line with the HPI for detached houses in the Cumberland local authority area.
• The February 2020 sale price of £192,000 represented a fair market value for the property.
• The size, condition, and specification of LANE CLOSE has not materially changed since February 2020.

How Large is LANE CLOSE?

LANE CLOSE is 74m² according to the EPC inspection conducted in October 2010. This puts it in the smallest 20% of detached houses houses in Silloth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Silloth, and where LANE CLOSE lies on this distribution: 15% of detached houses houses are smaller than LANE CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Silloth.

LANE CLOSE: Plot and Title Map

LANE CLOSE sits on a plot of roughly 0.241 of an acre, or 977m². The below map shows the location of LANE CLOSE, 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 LANE CLOSE). 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 LANE CLOSE?

LANE CLOSE is located in BLITTERLEES, in the CA7 postcode district. The below map shows the position of LANE CLOSE in BLITTERLEES.