RISING WAY, HEATHWAITE CLOSE, STORTH, MILNTHORPE, LA7 7JS - £625,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

RISING WAY is a very large extended detached house of 187m², built sometime between 1967 and 1975, which could now be worth an estimated £736,076. It was last sold for £625,000 in December 2020, which was around 83% above the average December 2020 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was C.

RISING WAY Sold Prices

Land registry data shows three sales for RISING WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Westmorland and Furness local authority area for the corresponding sale date. All of the three RISING WAY 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 10 DEC	£625,000	£341,461	83% above HPI
2009 6 JUL	£450,000	£255,003	76% above HPI
1996 16 AUG	£112,000	£82,829	35% above HPI

RISING WAY 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 three RISING WAY sales between August 1996 and December 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 July 2009 sale was for 76% above the HPI. So the extrapolation line tracks at 76% above the HPI over time, until the December 2020 sale, where it rises to 83% above the HPI. The line then continues to track at 83% above the HPI.

What might RISING WAY be worth now?

RISING WAY might now be worth an estimated £736,076.

This is based on house price inflation of 17.8%, between December 2020 and December 2024, 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 17.8% inflationary increase is applied to the most recent sale price for RISING WAY of £625,000 on 10th December 2020. For the value to have increased from £625,000 to £736,076 over the four years to December 2024, the following assumptions must hold true:

• The value of RISING WAY has moved in line with the HPI for detached houses in the Westmorland and Furness local authority area.
• The December 2020 sale price of £625,000 represented a fair market value for the property.
• The size, condition, and specification of RISING WAY has not materially changed since December 2020.

How Large is RISING WAY?

RISING WAY is 187m², which includes three extensions, according to the EPC inspection conducted in November 2014. This puts it in the largest 10% of detached houses houses in Storth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Storth, and where RISING WAY lies on this distribution: 93% of detached houses houses are smaller than RISING WAY, and 7% of houses are larger. Note that EPC data is not available for all properties in Storth.

RISING WAY: Plot and Title Map

RISING WAY sits on a plot of roughly 0.495 of an acre, or 2,003m². The below map shows the location of RISING WAY, 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 RISING WAY). 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 RISING WAY?

RISING WAY is located on HEATHWAITE CLOSE in STORTH, in the LA7 postcode district. The below map shows the position of RISING WAY on HEATHWAITE CLOSE.