SPAR COTTAGE, MAIN STREET, SHAP, PENRITH, CA10 3NU - £150,000

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.

SPAR COTTAGE is a midsized semi-detached house of 114m², built sometime before 1900, which could now be worth an estimated £160,833. It was last sold for £150,000 in October 2023, which was around 36% below the average October 2023 semi-detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was C.

SPAR COTTAGE Sold Prices

Land registry data shows three sales for SPAR COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Westmorland and Furness local authority area for the corresponding sale date. All of the three SPAR COTTAGE 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
2023 18 OCT	£150,000	£235,270	36% below HPI
2012 27 JUN	£155,000	£162,942	5% below HPI
2003 7 OCT	£69,000	£108,377	36% below HPI

SPAR COTTAGE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Westmorland and Furness local authority area over time, sourced from the HPI. The three SPAR COTTAGE sales between October 2003 and October 2023 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 June 2012 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the October 2023 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might SPAR COTTAGE be worth now?

SPAR COTTAGE might now be worth an estimated £160,833.

This is based on house price inflation of 7.2%, between October 2023 and February 2025, for semi-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 7.2% inflationary increase is applied to the most recent sale price for SPAR COTTAGE of £150,000 on 18th October 2023. For the value to have increased from £150,000 to £160,833 over the two years and eight months to February 2025, the following assumptions must hold true:

• The value of SPAR COTTAGE has moved in line with the HPI for semi-detached houses in the Westmorland and Furness local authority area.
• The October 2023 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of SPAR COTTAGE has not materially changed since October 2023.

How Large is SPAR COTTAGE?

SPAR COTTAGE is 114m² according to the EPC inspection conducted in June 2023. This puts it in the largest 50% of semi-detached houses houses in Shap, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Shap, and where SPAR COTTAGE lies on this distribution: 55% of semi-detached houses houses are smaller than SPAR COTTAGE, and 45% of houses are larger. Note that EPC data is not available for all properties in Shap.

SPAR COTTAGE: Plot and Title Map

SPAR COTTAGE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of SPAR COTTAGE, 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 SPAR COTTAGE). 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 SPAR COTTAGE?

SPAR COTTAGE is located on MAIN STREET in SHAP, in the CA10 postcode district. The below map shows the position of SPAR COTTAGE on MAIN STREET.