27, PENN LANE, BEXLEY, DA5 1HB - £390,000

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

27 PENN LANE is a very small detached house of 86m², built sometime between 1950 and 1966. It was last sold for £390,000 in June 2021, which was around 36% below the average June 2021 detached price in the Bexley local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

27 PENN LANE Sold Prices

Land registry data shows two sales for 27 PENN 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 Bexley local authority area for the corresponding sale date. Both of the two 27 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
2021 4 JUN	£390,000	£608,332	36% below HPI
1997 20 OCT	£97,000	£130,565	26% below HPI

27 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 two 27 PENN LANE sales from October 1997 and June 2021 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 October 1997 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the June 2021 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 27 PENN LANE?

27 PENN LANE is 86m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 20% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 27 PENN LANE lies on this distribution: 11% of detached houses are smaller than 27 PENN LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in London.

27 PENN LANE: Plot and Title Map

27 PENN LANE sits on a plot of roughly 0.101 of an acre, or 407m². The below map shows the location of 27 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 27 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 27 PENN LANE?

27 PENN LANE is located in BEXLEY, in the DA5 postcode district. The below map shows the position of No. 27 on PENN LANE.