1, PENNY LONG LANE, DERBY, DE22 1AX - £435,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 PENNY LONG LANE is a very large detached house of 156m², built sometime between 1991 and 1995, which could now be worth an estimated £651,447. It was last sold for £435,000 in March 2016, which was around 102% above the average March 2016 detached price in the City of Derby local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was C.

1 PENNY LONG LANE Sold Prices

Land registry data shows two sales for 1 PENNY LONG LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the City of Derby local authority area for the corresponding sale date. Both of the two 1 PENNY LONG LANE 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
2016 11 MAR	£435,000	£215,463	102% above HPI
1995 28 JUL	£100,000	£62,745	59% above HPI

1 PENNY LONG LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Derby local authority area over time, sourced from the HPI. The two 1 PENNY LONG LANE sales from July 1995 and March 2016 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 July 1995 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the March 2016 sale, where it rises to 102% above the HPI. The line then continues to track at 102% above the HPI.

What might 1 PENNY LONG LANE be worth now?

1 PENNY LONG LANE might now be worth an estimated £651,447.

This is based on house price inflation of 49.8%, between March 2016 and December 2024, for detached houses, in the City of Derby local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 49.8% inflationary increase is applied to the most recent sale price for 1 PENNY LONG LANE of £435,000 on 11th March 2016. For the value to have increased from £435,000 to £651,447 over the seven years and three months to December 2024, the following assumptions must hold true:

• The value of 1 PENNY LONG LANE has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The March 2016 sale price of £435,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PENNY LONG LANE has not materially changed since March 2016.

How Large is 1 PENNY LONG LANE?

1 PENNY LONG LANE is 156m² according to the EPC inspection conducted in April 2014. This puts it in the largest 20% of detached houses houses in Derby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Derby, and where 1 PENNY LONG LANE lies on this distribution: 86% of detached houses houses are smaller than 1 PENNY LONG LANE, and 14% of houses are larger. Note that EPC data is not available for all properties in Derby.

1 PENNY LONG LANE: Plot and Title Map

1 PENNY LONG LANE sits on a plot of roughly 0.142 of an acre, or 573m². The below map shows the location of 1 PENNY LONG LANE, 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 1 PENNY LONG LANE). 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 1 PENNY LONG LANE?

1 PENNY LONG LANE is located in DERBY, in the DE22 postcode district. The below map shows the position of No. 1 on PENNY LONG LANE.