2, PENNEY LANE, WARWICK, CV34 6JG - £323,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 PENNEY LANE is a midsized detached house of 125m², built sometime between 2003 and 2006. It was last sold for £323,000 in November 2011, which was around 10% below the average November 2011 detached price in the Warwick local authority area. The most recent EPC inspection was July 2024, where the current energy rating was C, and the potential energy rating was B.

2 PENNEY LANE Sold Prices

Land registry data shows two sales for 2 PENNEY 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 Warwick local authority area for the corresponding sale date. One of the two 2 PENNEY LANE sales was for below the average price, whilst the other was 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
2011 11 NOV	£323,000	£356,989	10% below HPI
2007 11 APR	£360,000	£352,846	2% above HPI

2 PENNEY LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Warwick local authority area over time, sourced from the HPI. The two 2 PENNEY LANE sales from April 2007 and November 2011 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 2007 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the November 2011 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 2 PENNEY LANE?

2 PENNEY LANE is 125m² according to the EPC inspection conducted in July 2024. This puts it in the largest 50% of detached houses in Warwick, based on EPC data. The below chart shows the distribution of detached houses by size in Warwick, and where 2 PENNEY LANE lies on this distribution: 54% of detached houses are smaller than 2 PENNEY LANE, and 45% of houses are larger. Note that EPC data is not available for all properties in Warwick.

2 PENNEY LANE: Plot and Title Map

2 PENNEY LANE sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 2 PENNEY 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 2 PENNEY 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 2 PENNEY LANE?

2 PENNEY LANE is located in WARWICK, in the CV34 postcode district. The below map shows the position of No. 2 on PENNEY LANE.