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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
According to the public record, 8 Oak Bank, Penrith is a modern freehold house with 1,044 ft2 of internal area and sits on a 182 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 8 Oak Bank, Penrith is £239,473 and the estimated rental value is £1,147 per month.
Newbiggin, Penrith, CA11 is located within the CA11 postal district.
8 Oak Bank, Penrith has 41 entries in the Land Registry , most recently in October 2021 and a single entry in the EPC database dated April 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 8 Oak Bank, Penrith is in very good condition we estimate a sale value of £251,447 and a rental value of £1,205 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £222,710 and a rental value of £1,067 per month.
Over the last 12 months the sale value of 8 Oak Bank Penrith has increased by an estimated £1,484 (0.6%) and its rental value has increased by an estimated £44 per month (3.9%), giving an expected gross yield of 5.7%.
According to data from HM Land Registry, 8 Oak Bank, Penrith sits on a plot of 182m2.
We have plot size data on 50 out of 56 other houses in the postcode and 8 Oak Bank, Penrith sits on the 46th largest plot.
8 Oak Bank, Penrith has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 13 Apr 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
According to HM Land Registry, 8 Oak Bank, Penrith was last sold on 11th October 2021 for £192,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since October 2021, the market for similar properties has risen 5.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8 Oak Bank, Penrith within a radius of 4.0 kilometres over the last 2 years.
The most recent example is 14 Oak Bank, Penrith, CA11 0HT, a freehold house which sold for £270,000 on the 15th March 2024.
Read more about house prices in CA11.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Newbiggin, Penrith, CA11 has a total of 75 addresses. According to our analysis of all the public data, 8 Oak Bank, Penrith is the 51st largest and the 59th most expensive property on the street.
When compared to the postcode district it is £88k less expensive than the average property in CA11.
The closest station to 8 Oak Bank, Penrith is Penrith (North Lakes) station which is 4.3 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around 8 Oak Bank, Penrith, 43.2% of property is privately owned outright and 33.6% is privately owned with a mortgage.
The graph below shows how this compares to North West and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 8 Oak Bank, Penrith, 17.3% of residents are recorded as possessing school level qualifications and 24.2% as possessing degree level qualifications.
The graph below shows how this compares to North West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 8 Oak Bank, Penrith, the average age was 48.6 and the most common age was 57.
The graph below shows how this compares to North West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 8 Oak Bank, Penrith, 2.2% of property was a second home.
Comparison figures for North West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 8 Oak Bank, Penrith, there are an average of 1.7 cars per household.
See below for how this compares to North West and the rest of England & Wales.
