2 Rayne Cottage, Penrith
2 Rayne Cottage, Penrith
Description & Estimates
2 Rayne Cottage, Penrith is recorded publicly as a modern freehold house across 904 ft2 of internal area, sitting on a 1,813 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 2 Rayne Cottage, Penrith is £531,683 and its rental estimate is £1,913 per month, given the available information and assuming reasonable condition.
Gaisgill, Penrith, CA10 falls within the CA10 postal district.
Our Data Sources
2 Rayne Cottage, Penrith has a single entry in the Land Registry from September 2021 and a single entry in the EPC database dated April 2015.
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 2 Rayne Cottage, Penrith, we estimate a market value of £558,267 and a rental value of £2,009 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £494,465 and £1,779 per month respectively.
Recent Market Change
Over the last year, 2 Rayne Cottage, Penrith has seen its estimated sale value drop by £2,380 (0.4%) and its estimated rental value rise by £73 per month (3.8%). This results in an estimated gross rental yield of 4.3%.
Plot Size
HM Land Registry records the plot of land for 2 Rayne Cottage, Penrith as measuring 1,813 m2.
That makes it the 3rd largest plot in the postcode, where 3 of the 5 other houses have recorded plot data.
Energy Efficiency
2 Rayne Cottage, Penrith has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Apr 2015.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Air source heat pump, radiators, electric.
Sold Prices
The most recent sale of 2 Rayne Cottage, Penrith completed on 16th September 2021 at £500,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 38.6% over the period since September 2021.
- Sold Sep 2021£500,000
Similar Properties Sold Nearby
Over the past 2 years 1 property similar to 2 Rayne Cottage, Penrith has sold within a radius of 11.5 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 5th July 2010, was Sundown, Kendal, LA8 9BS, a freehold house which sold for £360,000.
Read more about house prices in CA10.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 37 addresses on Gaisgill, Penrith, CA10, 2 Rayne Cottage, Penrith comes out as the 32nd largest and the 9th most expensive in our analysis of the public data.
It is also £238k more expensive than the average property across the CA10 district.
More reading links
Schools Nearby
- 3.5kmTebay Primary School
- 3.7kmOrton CofE School
- 8.4kmAsby Endowed School
- 12.7kmKirkby Stephen Grammar School
- 13.5kmSettlebeck School
- 15.9kmAppleby Grammar School
More reading links
Public Transport Nearby
From 2 Rayne Cottage, Penrith, the nearest station is Kirkby Stephen, 11.2 kilometres away.
- 11.2kmKirkby Stephen
- 15.7kmAppleby
- 17.5kmBurneside (Cumbria)
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
