THACRES, WASDALE ROAD, GOSFORTH, SEASCALE, CA20 1AU - £240,000

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.

THACRES is a midsized extended detached house of 109m², built sometime between 1950 and 1966, which could now be worth an estimated £298,031. It was last sold for £240,000 in October 2020, which was around 7% above the average October 2020 detached price in the Cumberland local authority area. The most recent EPC inspection was November 2021, where the current energy rating was E, and the potential energy rating was B.

THACRES Sold Prices

Land registry data shows two sales for THACRES 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. One of the two THACRES sales was for above the average price, whilst the other was 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
2020 19 OCT	£240,000	£224,356	7% above HPI
2011 12 AUG	£177,500	£201,092	12% below HPI

THACRES 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 THACRES sales from August 2011 and October 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 2011 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the October 2020 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might THACRES be worth now?

THACRES might now be worth an estimated £298,031.

This is based on house price inflation of 24.2%, between October 2020 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 24.2% inflationary increase is applied to the most recent sale price for THACRES of £240,000 on 19th October 2020. For the value to have increased from £240,000 to £298,031 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of THACRES has moved in line with the HPI for detached houses in the Cumberland local authority area.
• The October 2020 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of THACRES has not materially changed since October 2020.

How Large is THACRES?

THACRES is 109m², which includes one extension, according to the EPC inspection conducted in November 2021. This puts it in the smallest 50% of detached houses houses in Gosforth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gosforth, and where THACRES lies on this distribution: 45% of detached houses houses are smaller than THACRES, and 55% of houses are larger. Note that EPC data is not available for all properties in Gosforth.

THACRES: Plot and Title Map

THACRES sits on a plot of roughly 0.107 of an acre, or 431m². The below map shows the location of THACRES, 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 THACRES). 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 THACRES?

THACRES is located on WASDALE ROAD in GOSFORTH, in the CA20 postcode district. The below map shows the position of THACRES on WASDALE ROAD.