ROSE BANK, PROSPECT, WIGTON, CA7 2LD - £138,000

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

ROSE BANK is a very small extended detached house of 94m², built sometime between 1900 and 1929. It was last sold for £138,000 in March 2020, which was around 36% below the average March 2020 detached price in the Cumberland local authority area. The most recent EPC inspection was September 2010, where the current energy rating was E, and the potential energy rating was E.

ROSE BANK Sold Prices

Land registry data shows four sales for ROSE BANK since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cumberland local authority area for the corresponding sale date. All of the four ROSE 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
2020 25 MAR	£138,000	£216,154	36% below HPI
2007 12 JAN	£112,500	£198,037	43% below HPI
2000 10 MAR	£50,000	£79,825	37% below HPI
1996 6 DEC	£56,000	£69,387	19% below HPI

ROSE 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 four ROSE BANK sales between December 1996 and March 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 January 2007 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the March 2020 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is ROSE BANK?

ROSE BANK is 94m², which includes one extension, according to the EPC inspection conducted in September 2010. This puts it in the smallest 20% of detached houses in Prospect, based on EPC data. The below chart shows the distribution of detached houses by size in Prospect, and where ROSE BANK lies on this distribution: 16% of detached houses are smaller than ROSE BANK, and 84% of houses are larger. Note that EPC data is not available for all properties in Prospect.

ROSE BANK: Plot and Title Map

ROSE BANK sits on a plot of roughly 52.0 acres, or 210,251m². The below map shows the location of ROSE 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 ROSE 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 ROSE BANK?

ROSE BANK is located in PROSPECT, in the CA7 postcode district. The below map shows the position of ROSE BANK in PROSPECT.