SELWYN, GREEN LANE, STORTH, MILNTHORPE, LA7 7HU - £260,000

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.

SELWYN is a very small extended detached house of 74m², built sometime between 1900 and 1929, which could now be worth an estimated £330,224. It was last sold for £260,000 in August 2018, which was around 17% below the average August 2018 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was June 2017, where the current energy rating was F, and the potential energy rating was C.

SELWYN Sold Prices

Land registry data shows two sales for SELWYN 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 SELWYN 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 21 AUG	£260,000	£313,524	17% below HPI
2004 7 OCT	£130,000	£227,671	43% below HPI

SELWYN 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 SELWYN sales from October 2004 and August 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 October 2004 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the August 2018 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might SELWYN be worth now?

SELWYN might now be worth an estimated £330,224.

This is based on house price inflation of 27%, between August 2018 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 27% inflationary increase is applied to the most recent sale price for SELWYN of £260,000 on 21st August 2018. For the value to have increased from £260,000 to £330,224 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of SELWYN has moved in line with the HPI for detached houses in the Westmorland and Furness local authority area.
• The August 2018 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of SELWYN has not materially changed since August 2018.

How Large is SELWYN?

SELWYN is 74m², which includes two extensions, according to the EPC inspection conducted in June 2017. This puts it in the smallest 20% 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 SELWYN lies on this distribution: 13% of detached houses houses are smaller than SELWYN, and 86% of houses are larger. Note that EPC data is not available for all properties in Storth.

SELWYN: Plot and Title Map

SELWYN sits on a plot of roughly 0.080 of an acre, or 324m². The below map shows the location of SELWYN, 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 SELWYN). 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 SELWYN?

SELWYN is located on GREEN LANE in STORTH, in the LA7 postcode district. The below map shows the position of SELWYN on GREEN LANE.