TOWN CLOSE COTTAGE, GREAT SALKELD, PENRITH, CA11 9NA - £193,000

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.

TOWN CLOSE COTTAGE is a very small extended detached house of 87m², built sometime before 1900, which could now be worth an estimated £226,312. It was last sold for £193,000 in October 2020, which was around 43% below the average October 2020 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was June 2018, where the current energy rating was E, and the potential energy rating was C.

TOWN CLOSE COTTAGE Sold Prices

Land registry data shows two sales for TOWN CLOSE COTTAGE 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 TOWN CLOSE 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
2020 30 OCT	£193,000	£339,591	43% below HPI
2006 17 NOV	£207,500	£264,534	22% below HPI

TOWN CLOSE COTTAGE 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 TOWN CLOSE COTTAGE sales from November 2006 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 November 2006 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the October 2020 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might TOWN CLOSE COTTAGE be worth now?

TOWN CLOSE COTTAGE might now be worth an estimated £226,312.

This is based on house price inflation of 17.3%, between October 2020 and February 2025, for 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 17.3% inflationary increase is applied to the most recent sale price for TOWN CLOSE COTTAGE of £193,000 on 30th October 2020. For the value to have increased from £193,000 to £226,312 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of TOWN CLOSE COTTAGE has moved in line with the HPI for detached houses in the Westmorland and Furness local authority area.
• The October 2020 sale price of £193,000 represented a fair market value for the property.
• The size, condition, and specification of TOWN CLOSE COTTAGE has not materially changed since October 2020.

How Large is TOWN CLOSE COTTAGE?

TOWN CLOSE COTTAGE is 87m², which includes two extensions, according to the EPC inspection conducted in June 2018. This puts it in the smallest 10% of detached houses houses in Great Salkeld, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Salkeld, and where TOWN CLOSE COTTAGE lies on this distribution: 8% of detached houses houses are smaller than TOWN CLOSE COTTAGE, and 92% of houses are larger. Note that EPC data is not available for all properties in Great Salkeld.

TOWN CLOSE COTTAGE: Plot and Title Map

TOWN CLOSE COTTAGE sits on a plot of roughly 0.038 of an acre, or 155m². The below map shows the location of TOWN CLOSE 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 TOWN CLOSE 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 TOWN CLOSE COTTAGE?

TOWN CLOSE COTTAGE is located in GREAT SALKELD, in the CA11 postcode district. The below map shows the position of TOWN CLOSE COTTAGE in GREAT SALKELD.