10, PENN LANE, STATHERN, MELTON MOWBRAY, LE14 4JA - £825,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

10 PENN LANE is a very large extended detached house of 396m², built sometime from 2007 onwards. It was last sold for £825,000 in September 2017, which was around 174% above the average September 2017 detached price in the Melton local authority area. The most recent EPC inspection was July 2017, where the current energy rating was C, and the potential energy rating was C.

10 PENN LANE Sold Prices

Land registry data shows three sales for 10 PENN LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the three 10 PENN 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
2017 28 SEP	£825,000	£300,790	174% above HPI
2005 22 APR	£375,000	£210,177	78% above HPI
2002 17 SEP	£217,500	£161,695	35% above HPI

10 PENN LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Melton local authority area over time, sourced from the HPI. The three 10 PENN LANE sales between September 2002 and September 2017 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 April 2005 sale was for 78% above the HPI. So the extrapolation line tracks at 78% above the HPI over time, until the September 2017 sale, where it rises to 174% above the HPI. The line then continues to track at 174% above the HPI.

How Large is 10 PENN LANE?

10 PENN LANE is 396m², which includes one extension, according to the EPC inspection conducted in July 2017. This puts it in the largest 10% of detached houses in Stathern, based on EPC data. The below chart shows the distribution of detached houses by size in Stathern, and where 10 PENN LANE lies on this distribution: More than 99% of detached houses are smaller than 10 PENN LANE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Stathern.

10 PENN LANE: Plot and Title Map

10 PENN LANE sits on a plot of roughly 0.901 of an acre, or 3,646m². The below map shows the location of 10 PENN 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 10 PENN 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 10 PENN LANE?

10 PENN LANE is located in STATHERN, in the LE14 postcode district. The below map shows the position of No. 10 on PENN LANE.