32, PENNY LODGE LANE, LOVECLOUGH, ROSSENDALE, BB4 8PD - £227,500

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.

32 PENNY LODGE LANE is a small detached house of 112m², built sometime between 2003 and 2006, which could now be worth an estimated £438,422. It was last sold for £227,500 in February 2014, which was around 27% above the average February 2014 detached price in the Rossendale local authority area. The most recent EPC inspection was July 2013, where the current energy rating was C, and the potential energy rating was B.

32 PENNY LODGE LANE Sold Prices

Land registry data shows two sales for 32 PENNY LODGE 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 Rossendale local authority area for the corresponding sale date. Both of the two 32 PENNY LODGE LANE sales were 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
2014 14 FEB	£227,500	£179,142	27% above HPI
2004 11 OCT	£230,000	£171,643	34% above HPI

32 PENNY LODGE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rossendale local authority area over time, sourced from the HPI. The two 32 PENNY LODGE LANE sales from October 2004 and February 2014 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 2004 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the February 2014 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 32 PENNY LODGE LANE be worth now?

32 PENNY LODGE LANE might now be worth an estimated £438,422.

This is based on house price inflation of 92.7%, between February 2014 and February 2025, for detached houses, in the Rossendale local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 92.7% inflationary increase is applied to the most recent sale price for 32 PENNY LODGE LANE of £227,500 on 14th February 2014. For the value to have increased from £227,500 to £438,422 over the eleven years to February 2025, the following assumptions must hold true:

• The value of 32 PENNY LODGE LANE has moved in line with the HPI for detached houses in the Rossendale local authority area.
• The February 2014 sale price of £227,500 represented a fair market value for the property.
• The size, condition, and specification of 32 PENNY LODGE LANE has not materially changed since February 2014.

How Large is 32 PENNY LODGE LANE?

32 PENNY LODGE LANE is 112m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 30% of detached houses houses in Rawtenstall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rawtenstall, and where 32 PENNY LODGE LANE lies on this distribution: 29% of detached houses houses are smaller than 32 PENNY LODGE LANE, and 70% of houses are larger. Note that EPC data is not available for all properties in Rawtenstall.

32 PENNY LODGE LANE: Plot and Title Map

32 PENNY LODGE LANE sits on a plot of roughly 7.9 acres, or 32,095m². The below map shows the location of 32 PENNY LODGE 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 32 PENNY LODGE 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 32 PENNY LODGE LANE?

32 PENNY LODGE LANE is located in LOVECLOUGH, in the BB4 postcode district. The below map shows the position of No. 32 on PENNY LODGE LANE.