OMEGA, LOWMOOR ROAD, WIGTON, CA7 9QR - £265,000

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

OMEGA is a large extended detached house of 128m², built sometime before 1900. It was last sold for £265,000 in June 2023, which was around 4% above the average June 2023 detached price in the Cumberland local authority area. The most recent EPC inspection was February 2015, where the current energy rating was F, and the potential energy rating was C.

OMEGA Sold Prices

Land registry data shows three sales for OMEGA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cumberland local authority area for the corresponding sale date. One of the three OMEGA sales was for above the average price, whilst two 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
2023 30 JUN	£265,000	£254,782	4% above HPI
2008 5 SEP	£125,000	£202,148	38% below HPI
2000 23 JUN	£72,000	£81,510	12% below HPI

OMEGA 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 three OMEGA sales between June 2000 and June 2023 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 2008 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the June 2023 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is OMEGA?

OMEGA is 128m², which includes four extensions, according to the EPC inspection conducted in February 2015. This puts it in the largest 40% of detached houses in Wigton, based on EPC data. The below chart shows the distribution of detached houses by size in Wigton, and where OMEGA lies on this distribution: 69% of detached houses are smaller than OMEGA, and 30% of houses are larger. Note that EPC data is not available for all properties in Wigton.

OMEGA: Plot and Title Map

OMEGA sits on a plot of roughly 0.107 of an acre, or 432m². The below map shows the location of OMEGA, 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 OMEGA). 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 OMEGA?

OMEGA is located on LOWMOOR ROAD in WIGTON, in the CA7 postcode district. The below map shows the position of OMEGA on LOWMOOR ROAD.