PENNINE COTTAGE, SCAUR LANE, LAZONBY, PENRITH, CA10 1AH - £176,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

PENNINE COTTAGE is a very small detached house of 66m². It was last sold for £176,000 in March 2018, which was around 41% below the average March 2018 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was B.

PENNINE COTTAGE Sold Prices

Land registry data shows two sales for PENNINE 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 PENNINE 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
2018 29 MAR	£176,000	£300,509	41% below HPI
2015 8 MAY	£151,200	£275,183	45% below HPI

PENNINE 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 PENNINE COTTAGE sales from May 2015 and March 2018 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 May 2015 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the March 2018 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is PENNINE COTTAGE?

PENNINE COTTAGE is 66m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 10% of detached houses in Lazonby, based on EPC data. The below chart shows the distribution of detached houses by size in Lazonby, and where PENNINE COTTAGE lies on this distribution: 2% of detached houses are smaller than PENNINE COTTAGE, and 98% of houses are larger. Note that EPC data is not available for all properties in Lazonby.

PENNINE COTTAGE: Plot and Title Map

PENNINE COTTAGE sits on a plot of roughly 0.118 of an acre, or 477m². The below map shows the location of PENNINE 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 PENNINE 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 PENNINE COTTAGE?

PENNINE COTTAGE is located on SCAUR LANE in LAZONBY, in the CA10 postcode district. The below map shows the position of PENNINE COTTAGE on SCAUR LANE.