QUARRY BANK, SHAP, PENRITH, CA10 3NY - £270,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

QUARRY BANK is a very small detached house of 80m², built sometime between 1967 and 1975, which could now be worth an estimated £282,958. It was last sold for £270,000 in November 2022, which was around 29% below the average November 2022 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was September 2022, where the current energy rating was E, and the potential energy rating was C.

QUARRY BANK Sold Prices

Land registry data shows two sales for QUARRY 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 Westmorland and Furness local authority area for the corresponding sale date. Both of the two QUARRY BANK 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
2022 18 NOV	£270,000	£379,969	29% below HPI
1996 31 OCT	£58,000	£86,727	33% below HPI

QUARRY BANK 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 QUARRY BANK sales from October 1996 and November 2022 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 October 1996 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the November 2022 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might QUARRY BANK be worth now?

QUARRY BANK might now be worth an estimated £282,958.

This is based on house price inflation of 4.8%, between November 2022 and February 2025, 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 4.8% inflationary increase is applied to the most recent sale price for QUARRY BANK of £270,000 on 18th November 2022. For the value to have increased from £270,000 to £282,958 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of QUARRY BANK has moved in line with the HPI for detached houses in the Westmorland and Furness local authority area.
• The November 2022 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of QUARRY BANK has not materially changed since November 2022.

How Large is QUARRY BANK?

QUARRY BANK is 80m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 20% of detached houses houses in Shap, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shap, and where QUARRY BANK lies on this distribution: 14% of detached houses houses are smaller than QUARRY BANK, and 86% of houses are larger. Note that EPC data is not available for all properties in Shap.

QUARRY BANK: Plot and Title Map

QUARRY BANK sits on a plot of roughly 0.164 of an acre, or 665m². The below map shows the location of QUARRY 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 QUARRY 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 QUARRY BANK?

QUARRY BANK is located in SHAP, in the CA10 postcode district. The below map shows the position of QUARRY BANK in SHAP.