3, PENROSE ROAD, FERNDOWN, BH22 9JF - £540,000

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.

3 PENROSE ROAD is a very small detached house of 82m², built sometime between 1950 and 1966, which could now be worth an estimated £555,737. It was last sold for £540,000 in February 2022, which was around 5% above the average February 2022 detached price in the Dorset local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

3 PENROSE ROAD Sold Prices

Land registry data shows three sales for 3 PENROSE ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. One of the three 3 PENROSE ROAD sales was for above the average price, whilst two 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 18 FEB	£540,000	£513,467	5% above HPI
2021 17 SEP	£410,000	£475,393	14% below HPI
1996 29 MAY	£93,000	£97,750	5% below HPI

3 PENROSE ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dorset local authority area over time, sourced from the HPI. The three 3 PENROSE ROAD sales between May 1996 and February 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 September 2021 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the February 2022 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 3 PENROSE ROAD be worth now?

3 PENROSE ROAD might now be worth an estimated £555,737.

This is based on house price inflation of 2.9%, between February 2022 and February 2025, for detached houses, in the Dorset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.9% inflationary increase is applied to the most recent sale price for 3 PENROSE ROAD of £540,000 on 18th February 2022. For the value to have increased from £540,000 to £555,737 over the three years to February 2025, the following assumptions must hold true:

• The value of 3 PENROSE ROAD has moved in line with the HPI for detached houses in the Dorset local authority area.
• The February 2022 sale price of £540,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PENROSE ROAD has not materially changed since February 2022.

How Large is 3 PENROSE ROAD?

3 PENROSE ROAD is 82m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 20% of detached houses houses in Ferndown, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ferndown, and where 3 PENROSE ROAD lies on this distribution: 14% of detached houses houses are smaller than 3 PENROSE ROAD, and 86% of houses are larger. Note that EPC data is not available for all properties in Ferndown.

3 PENROSE ROAD: Plot and Title Map

3 PENROSE ROAD sits on a plot of roughly 0.133 of an acre, or 539m². The below map shows the location of 3 PENROSE ROAD, 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 3 PENROSE ROAD). 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 3 PENROSE ROAD?

3 PENROSE ROAD is located in FERNDOWN, in the BH22 postcode district. The below map shows the position of No. 3 on PENROSE ROAD.