1, Chancery Lane
1, Chancery Lane
Description & Estimates
1, Chancery Lane, Penrith is recorded publicly as a modern freehold house across 3,207 ft2 of internal area, sitting on a 840 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 1, Chancery Lane, Penrith is £662,619 and its rental estimate is £2,059 per month, given the available information and assuming reasonable condition.
Chancery Lane, Penrith, CA11 falls within the CA11 postal district.
Our Data Sources
1, Chancery Lane, Penrith has 21 entries in the Land Registry , most recently in November 2017 and a single entry in the EPC database dated May 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 1, Chancery Lane, Penrith, we estimate a market value of £695,750 and a rental value of £2,162 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £616,236 and £1,915 per month respectively.
Recent Market Change
Over the last year, 1, Chancery Lane, Penrith has seen its estimated sale value decline by £12,428 (1.9%) and its estimated rental value climb by £39 per month (1.9%). This results in an estimated gross rental yield of 3.7%.
Plot Size
HM Land Registry records the plot of land for 1, Chancery Lane, Penrith as measuring 840 m2.
That makes it the 4th largest plot in the postcode, where all 4 other houses have recorded plot data.
Energy Efficiency
1, Chancery Lane, Penrith has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 May 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 1, Chancery Lane, Penrith completed on 13th November 2017 at £540,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 27.6% over the period since November 2017.
- Sold Nov 2017£540,000
- Sold May 2005£475,000
Similar Properties Sold Nearby
Over the past 2 years 2 properties similar to 1, Chancery Lane, Penrith have sold within a radius of 550 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 10th August 2020, was Goodwood, Carleton Road, Penrith, CA11 8LT, a freehold house which sold for £590,000.
Read more about house prices in CA11.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 4 addresses on Chancery Lane, Penrith, CA11, 1, Chancery Lane, Penrith comes out as the 3rd largest and the 3rd most expensive in our analysis of the public data.
It is also £369k more expensive than the average property across the CA11 district.
More reading links
Schools Nearby
- 600mBeaconside CofE Primary School
- 1.0kmBrunswick School
- 1.0kmNorth Lakes School
- 700mUllswater Community College
- 1.2kmQueen Elizabeth Grammar School Penrith
- 18.1kmAppleby Grammar School
More reading links
Public Transport Nearby
From 1, Chancery Lane, Penrith, the nearest station is Penrith (North Lakes), 1.2 kilometres away.
- 1.2kmPenrith (North Lakes)
- 6.0kmLangwathby
- 10.0kmLazonby & Kirkoswald
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
