12, PENN LANE, BEXLEY, DA5 1HB - £305,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

12 PENN LANE is a very small semi-detached house of 83m², built sometime between 1967 and 1975, which could now be worth an estimated £373,501. It was last sold for £305,000 in January 2020, which was around 28% below the average January 2020 semi-detached price in the Bexley local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

12 PENN LANE Sold Prices

Land registry data shows three sales for 12 PENN LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Bexley local authority area for the corresponding sale date. All of the three 12 PENN LANE sales were for below 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
2020 17 JAN	£305,000	£424,315	28% below HPI
2007 22 JAN	£219,995	£241,620	9% below HPI
1999 23 JUL	£86,500	£107,118	19% below HPI

12 PENN LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Bexley local authority area over time, sourced from the HPI. The three 12 PENN LANE sales between July 1999 and January 2020 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 January 2007 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the January 2020 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 12 PENN LANE be worth now?

12 PENN LANE might now be worth an estimated £373,501.

This is based on house price inflation of 22.5%, between January 2020 and February 2025, for semi-detached houses, in the Bexley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.5% inflationary increase is applied to the most recent sale price for 12 PENN LANE of £305,000 on 17th January 2020. For the value to have increased from £305,000 to £373,501 over the four years and eleven months to February 2025, the following assumptions must hold true:

• The value of 12 PENN LANE has moved in line with the HPI for semi-detached houses in the Bexley local authority area.
• The January 2020 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 12 PENN LANE has not materially changed since January 2020.

How Large is 12 PENN LANE?

12 PENN LANE is 83m² according to the EPC inspection conducted in August 2019. This puts it in the smallest 10% of semi-detached houses houses in London, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in London, and where 12 PENN LANE lies on this distribution: 9% of semi-detached houses houses are smaller than 12 PENN LANE, and 91% of houses are larger. Note that EPC data is not available for all properties in London.

12 PENN LANE: Plot and Title Map

12 PENN LANE sits on a plot of roughly 0.044 of an acre, or 180m². The below map shows the location of 12 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 12 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 12 PENN LANE?

12 PENN LANE is located in BEXLEY, in the DA5 postcode district. The below map shows the position of No. 12 on PENN LANE.