NEWLANDS, LEIGHTON DRIVE, SLACK HEAD, MILNTHORPE, LA7 7BE - £570,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

NEWLANDS is a very large extended detached house of 203m², built sometime between 1950 and 1966. It was last sold for £570,000 in September 2020, which was around 76% above the average September 2020 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was C.

NEWLANDS Sold Prices

Land registry data shows two sales for NEWLANDS 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 NEWLANDS 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
2020 15 SEP	£570,000	£324,329	76% above HPI
2015 27 FEB	£390,000	£270,294	44% above HPI

NEWLANDS 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 NEWLANDS sales from February 2015 and September 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 2015 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the September 2020 sale, where it rises to 76% above the HPI. The line then continues to track at 76% above the HPI.

How Large is NEWLANDS?

NEWLANDS is 203m², which includes two extensions, according to the EPC inspection conducted in July 2020. This puts it in the largest 20% of detached houses in Slack Head, based on EPC data. The below chart shows the distribution of detached houses by size in Slack Head, and where NEWLANDS lies on this distribution: 88% of detached houses are smaller than NEWLANDS, and 12% of houses are larger. Note that EPC data is not available for all properties in Slack Head.

NEWLANDS: Plot and Title Map

NEWLANDS sits on a plot of roughly 0.358 of an acre, or 1,451m². The below map shows the location of NEWLANDS, 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 NEWLANDS). 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 NEWLANDS?

NEWLANDS is located on LEIGHTON DRIVE in SLACK HEAD, in the LA7 postcode district. The below map shows the position of NEWLANDS on LEIGHTON DRIVE.