25, PENN LANE, BEXLEY, DA5 1HB - £450,000

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

25 PENN LANE is a very small detached house of 74m², built sometime between 1950 and 1966. It was last sold for £450,000 in May 2022, which was around 32% below the average May 2022 detached price in the Bexley local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

25 PENN LANE Sold Prices

Land registry data shows three sales for 25 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 Bexley local authority area for the corresponding sale date. All of the three 25 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
2022 20 MAY	£450,000	£662,504	32% below HPI
2015 6 NOV	£365,000	£482,364	24% below HPI
2006 25 FEB	£195,000	£298,201	35% below HPI

25 PENN LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bexley local authority area over time, sourced from the HPI. The three 25 PENN LANE sales between February 2006 and May 2022 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 November 2015 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2022 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 25 PENN LANE?

25 PENN LANE is 74m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 10% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 25 PENN LANE lies on this distribution: 5% of detached houses are smaller than 25 PENN LANE, and 95% of houses are larger. Note that EPC data is not available for all properties in London.

25 PENN LANE: Plot and Title Map

25 PENN LANE sits on a plot of roughly 0.168 of an acre, or 681m². The below map shows the location of 25 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 25 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 25 PENN LANE?

25 PENN LANE is located in BEXLEY, in the DA5 postcode district. The below map shows the position of No. 25 on PENN LANE.