NETHEREND COTTAGE, CARLETON ROAD, PENRITH, CA11 8LR - £217,000

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

NETHEREND COTTAGE is a very small extended detached house of 84m², built sometime before 1900. It was last sold for £217,000 in June 2014, which was around 19% below the average June 2014 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was December 2013, where the current energy rating was D, and the potential energy rating was C.

NETHEREND COTTAGE Sold Prices

Land registry data shows two sales for NETHEREND COTTAGE 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 NETHEREND COTTAGE 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
2014 6 JUN	£217,000	£267,041	19% below HPI
2006 23 JUN	£161,000	£256,896	37% below HPI

NETHEREND COTTAGE 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 NETHEREND COTTAGE sales from June 2006 and June 2014 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 2006 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the June 2014 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might NETHEREND COTTAGE be worth now?

NETHEREND COTTAGE might now be worth an estimated £326,788.

This is based on house price inflation of 50.6%, between June 2014 and December 2024, 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 50.6% inflationary increase is applied to the most recent sale price for NETHEREND COTTAGE of £217,000 on 6th June 2014. For the value to have increased from £217,000 to £326,788 over the nine years and six months to December 2024, the following assumptions must hold true:

• The value of NETHEREND COTTAGE has moved in line with the HPI for detached houses in the Westmorland and Furness local authority area.
• The June 2014 sale price of £217,000 represented a fair market value for the property.
• The size, condition, and specification of NETHEREND COTTAGE has not materially changed since June 2014.

How Large is NETHEREND COTTAGE?

NETHEREND COTTAGE is 84m², which includes two extensions, according to the EPC inspection conducted in December 2013. This puts it in the smallest 20% of detached houses houses in Penrith, based on EPC data. The below chart shows the distribution of detached houses houses by size in Penrith, and where NETHEREND COTTAGE lies on this distribution: 16% of detached houses houses are smaller than NETHEREND COTTAGE, and 83% of houses are larger. Note that EPC data is not available for all properties in Penrith.

NETHEREND COTTAGE: Plot and Title Map

NETHEREND COTTAGE sits on a plot of roughly 0.062 of an acre, or 252m². The below map shows the location of NETHEREND COTTAGE, 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 NETHEREND COTTAGE). 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 NETHEREND COTTAGE?

NETHEREND COTTAGE is located on CARLETON ROAD in PENRITH, in the CA11 postcode district. The below map shows the position of NETHEREND COTTAGE on CARLETON ROAD.