THREE WAYS, HAZELRIGG LANE, NEWBY BRIDGE, ULVERSTON, LA12 8NY - £565,000

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

THREE WAYS is a midsized extended detached house of 194m², built sometime between 1930 and 1949. It was last sold for £565,000 in April 2017, which was around 94% above the average April 2017 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was November 2021, where the current energy rating was C, and the potential energy rating was B.

THREE WAYS Sold Prices

Land registry data shows two sales for THREE WAYS 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 THREE WAYS 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
2017 28 APR	£565,000	£291,408	94% above HPI
1999 17 SEP	£115,000	£100,760	14% above HPI

THREE WAYS 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 THREE WAYS sales from September 1999 and April 2017 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 September 1999 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the April 2017 sale, where it rises to 94% above the HPI. The line then continues to track at 94% above the HPI.

How Large is THREE WAYS?

THREE WAYS is 194m², which includes three extensions, according to the EPC inspection conducted in November 2021. This puts it in the largest 50% of detached houses in Newby Bridge, based on EPC data. The below chart shows the distribution of detached houses by size in Newby Bridge, and where THREE WAYS lies on this distribution: 52% of detached houses are smaller than THREE WAYS, and 48% of houses are larger. Note that EPC data is not available for all properties in Newby Bridge.

THREE WAYS: Plot and Title Map

THREE WAYS sits on a plot of roughly 1.7 acres, or 6,978m². The below map shows the location of THREE WAYS, 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 THREE WAYS). 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 THREE WAYS?

THREE WAYS is located on HAZELRIGG LANE in NEWBY BRIDGE, in the LA12 postcode district. The below map shows the position of THREE WAYS on HAZELRIGG LANE.