SHERICE, SANDY LONNING, MARYPORT, CA15 8LW - £165,000

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

SHERICE is a large detached house of 130m², built sometime between 1967 and 1975, which could now be worth an estimated £234,001. It was last sold for £165,000 in May 2010, which was around 16% below the average May 2010 detached price in the Cumberland local authority area. The most recent EPC inspection was October 2008, where the current energy rating was E, and the potential energy rating was D.

SHERICE Sold Prices

Land registry data shows two sales for SHERICE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cumberland local authority area for the corresponding sale date. Both of the two SHERICE 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
2010 24 MAY	£165,000	£196,451	16% below HPI
2004 8 OCT	£135,000	£166,728	19% below HPI

SHERICE 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 two SHERICE sales from October 2004 and May 2010 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 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the May 2010 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might SHERICE be worth now?

SHERICE might now be worth an estimated £234,001.

This is based on house price inflation of 41.8%, between May 2010 and February 2025, for detached houses, in the Cumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 41.8% inflationary increase is applied to the most recent sale price for SHERICE of £165,000 on 24th May 2010. For the value to have increased from £165,000 to £234,001 over the fifteen years and three months to February 2025, the following assumptions must hold true:

• The value of SHERICE has moved in line with the HPI for detached houses in the Cumberland local authority area.
• The May 2010 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of SHERICE has not materially changed since May 2010.

How Large is SHERICE?

SHERICE is 130m² according to the EPC inspection conducted in October 2008. This puts it in the largest 30% of detached houses houses in Maryport, based on EPC data. The below chart shows the distribution of detached houses houses by size in Maryport, and where SHERICE lies on this distribution: 80% of detached houses houses are smaller than SHERICE, and 20% of houses are larger. Note that EPC data is not available for all properties in Maryport.

SHERICE: Plot and Title Map

SHERICE sits on a plot of roughly 0.309 of an acre, or 1,249m². The below map shows the location of SHERICE, 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 SHERICE). 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 SHERICE?

SHERICE is located on SANDY LONNING in MARYPORT, in the CA15 postcode district. The below map shows the position of SHERICE on SANDY LONNING.