LAUREL BANK, FELL LANE, PENRITH, CA11 8AA - £394,500

Based on the November 2024 Price Paid Data (released on 2nd January 2025), the October 2024 House Price Index (released on 18th December 2024), and the October 2024 Energy Performance of Buildings Data (released on 28th November 2024). Sources

LAUREL BANK is a very large extended detached house of 208m², built sometime before 1900. It was last sold for £394,500 in July 2017, which was around 32% above the average July 2017 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was February 2021, where the current energy rating was D, and the potential energy rating was C.

LAUREL BANK Sold Prices

Land registry data shows two sales for LAUREL 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 LAUREL 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
2017 18 JUL	£394,500	£297,973	32% above HPI
2002 24 JAN	£235,000	£127,569	84% above HPI

LAUREL 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 LAUREL BANK sales from January 2002 and July 2017 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 January 2002 sale was for 84% above the HPI. So the extrapolation line tracks at 84% above the HPI over time, until the July 2017 sale, where it falls to 32% above the HPI. The line then continues to track at 32% above the HPI.

How Large is LAUREL BANK?

LAUREL BANK is 208m², which includes four extensions, according to the EPC inspection conducted in February 2021. This puts it in the largest 10% of detached houses in Penrith, based on EPC data. The below chart shows the distribution of detached houses by size in Penrith, and where LAUREL BANK lies on this distribution: 95% of detached houses are smaller than LAUREL BANK, and 5% of houses are larger. Note that EPC data is not available for all properties in Penrith.

LAUREL BANK: Plot and Title Map

LAUREL BANK sits on a plot of roughly 0.251 of an acre, or 1,017m². The below map shows the location of LAUREL 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 LAUREL 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 LAUREL BANK?

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