SOUTHWOOD, HEATHWAITE CLOSE, STORTH, MILNTHORPE, LA7 7JS - £450,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

SOUTHWOOD is a very large extended detached house of 166m², built sometime between 1967 and 1975. It was last sold for £450,000 in February 2012, which was around 84% above the average February 2012 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was August 2015, where the current energy rating was C, and the potential energy rating was A.

SOUTHWOOD Sold Prices

Land registry data shows two sales for SOUTHWOOD 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 SOUTHWOOD 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
2012 16 FEB	£450,000	£244,305	84% above HPI
2003 21 JAN	£305,000	£158,898	92% above HPI

SOUTHWOOD 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 SOUTHWOOD sales from January 2003 and February 2012 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 2003 sale was for 92% above the HPI. So the extrapolation line tracks at 92% above the HPI over time, until the February 2012 sale, where it falls to 84% above the HPI. The line then continues to track at 84% above the HPI.

How Large is SOUTHWOOD?

SOUTHWOOD is 166m², which includes one extension, according to the EPC inspection conducted in August 2015. This puts it in the largest 20% of detached houses in Storth, based on EPC data. The below chart shows the distribution of detached houses by size in Storth, and where SOUTHWOOD lies on this distribution: 87% of detached houses are smaller than SOUTHWOOD, and 13% of houses are larger. Note that EPC data is not available for all properties in Storth.

SOUTHWOOD: Plot and Title Map

SOUTHWOOD sits on a plot of roughly 0.443 of an acre, or 1,794m². The below map shows the location of SOUTHWOOD, 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 SOUTHWOOD). 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 SOUTHWOOD?

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