OAK BANK, WETHERAL, CARLISLE, CA4 8HA - £550,000

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

OAK BANK is a very large extended detached house of 214m², built sometime between 1983 and 1990. It was last sold for £550,000 in June 2014, which was around 182% above the average June 2014 detached price in the Cumberland local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was C.

OAK BANK Sold Prices

Land registry data shows two sales for OAK 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 Cumberland local authority area for the corresponding sale date. Both of the two OAK 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
2014 30 JUN	£550,000	£195,132	182% above HPI
2001 28 SEP	£250,000	£88,367	183% above HPI

OAK BANK 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 two OAK BANK sales from September 2001 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 September 2001 sale was for 183% above the HPI. So the extrapolation line tracks at 183% above the HPI over time, until the June 2014 sale, where it falls to 182% above the HPI. The line then continues to track at 182% above the HPI.

How Large is OAK BANK?

OAK BANK is 214m², which includes one extension, according to the EPC inspection conducted in July 2013. This puts it in the largest 20% of detached houses in Wetheral, based on EPC data. The below chart shows the distribution of detached houses by size in Wetheral, and where OAK BANK lies on this distribution: 80% of detached houses are smaller than OAK BANK, and 20% of houses are larger. Note that EPC data is not available for all properties in Wetheral.

OAK BANK: Plot and Title Map

OAK BANK sits on a plot of roughly 0.868 of an acre, or 3,513m². The below map shows the location of OAK 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 OAK 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 OAK BANK?

OAK BANK is located in WETHERAL, in the CA4 postcode district. The below map shows the position of OAK BANK in WETHERAL.