SPINNERS WOOD, SHAW LANE, STORTH, MILNTHORPE, LA7 7JD - £350,000

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

SPINNERS WOOD is a midsized extended detached house of 116m², built sometime between 1976 and 1982. It was last sold for £350,000 in July 2020, which was around 12% above the average July 2020 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was C.

SPINNERS WOOD Sold Prices

Land registry data shows three sales for SPINNERS WOOD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Westmorland and Furness local authority area for the corresponding sale date. All of the three SPINNERS WOOD 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
2020 17 JUL	£350,000	£312,736	12% above HPI
2007 1 AUG	£390,000	£274,766	42% above HPI
2001 19 DEC	£155,000	£127,362	22% above HPI

SPINNERS WOOD 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 three SPINNERS WOOD sales between December 2001 and July 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 August 2007 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the July 2020 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is SPINNERS WOOD?

SPINNERS WOOD is 116m², which includes two extensions, according to the EPC inspection conducted in May 2013. This puts it in the largest 50% of detached houses in Storth, based on EPC data. The below chart shows the distribution of detached houses by size in Storth, and where SPINNERS WOOD lies on this distribution: 57% of detached houses are smaller than SPINNERS WOOD, and 41% of houses are larger. Note that EPC data is not available for all properties in Storth.

SPINNERS WOOD: Plot and Title Map

SPINNERS WOOD sits on a plot of roughly 0.152 of an acre, or 617m². The below map shows the location of SPINNERS WOOD, 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 SPINNERS WOOD). 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 SPINNERS WOOD?

SPINNERS WOOD is located on SHAW LANE in STORTH, in the LA7 postcode district. The below map shows the position of SPINNERS WOOD on SHAW LANE.