40, PENN LANE, STATHERN, MELTON MOWBRAY, LE14 4JA - £430,000

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.

40 PENN LANE is a very large detached house of 225m², which could now be worth an estimated £649,578. It was last sold for £430,000 in August 2014, which was around 63% above the average August 2014 detached price in the Melton local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was C.

40 PENN LANE Sold Prices

Land registry data shows two sales for 40 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 Melton local authority area for the corresponding sale date. One of the two 40 PENN LANE sales was for above the average price, whilst the other was 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
2014 20 AUG	£430,000	£264,504	63% above HPI
2012 5 JUL	£163,500	£245,215	33% below HPI

40 PENN LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Melton local authority area over time, sourced from the HPI. The two 40 PENN LANE sales from July 2012 and August 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 July 2012 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the August 2014 sale, where it rises to 63% above the HPI. The line then continues to track at 63% above the HPI.

What might 40 PENN LANE be worth now?

40 PENN LANE might now be worth an estimated £649,578.

This is based on house price inflation of 51.1%, between August 2014 and February 2025, for detached houses, in the Melton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 51.1% inflationary increase is applied to the most recent sale price for 40 PENN LANE of £430,000 on 20th August 2014. For the value to have increased from £430,000 to £649,578 over the eleven years and six months to February 2025, the following assumptions must hold true:

• The value of 40 PENN LANE has moved in line with the HPI for detached houses in the Melton local authority area.
• The August 2014 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of 40 PENN LANE has not materially changed since August 2014.

How Large is 40 PENN LANE?

40 PENN LANE is 225m² according to the EPC inspection conducted in July 2015. This puts it in the largest 20% of detached houses houses in Stathern, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stathern, and where 40 PENN LANE lies on this distribution: 89% of detached houses houses are smaller than 40 PENN LANE, and 11% of houses are larger. Note that EPC data is not available for all properties in Stathern.

40 PENN LANE: Plot and Title Map

40 PENN LANE sits on a plot of roughly 0.118 of an acre, or 478m². The below map shows the location of 40 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 40 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 40 PENN LANE?

40 PENN LANE is located in STATHERN, in the LE14 postcode district. The below map shows the position of No. 40 on PENN LANE.