46, PENN LANE, MELBOURNE, DERBY, DE73 8EQ - £650,000

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

46 PENN LANE is a very large detached house of 294m², built sometime between 1983 and 1990. It was last sold for £650,000 in October 2018, which was around 140% above the average October 2018 detached price in the South Derbyshire local authority area. The most recent EPC inspection was April 2024, where the current energy rating was C, and the potential energy rating was C.

46 PENN LANE Sold Prices

Land registry data shows two sales for 46 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 South Derbyshire local authority area for the corresponding sale date. Both of the two 46 PENN 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
2018 12 OCT	£650,000	£271,250	140% above HPI
1999 14 MAY	£250,000	£82,403	203% above HPI

46 PENN LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Derbyshire local authority area over time, sourced from the HPI. The two 46 PENN LANE sales from May 1999 and October 2018 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 May 1999 sale was for 203% above the HPI. So the extrapolation line tracks at 203% above the HPI over time, until the October 2018 sale, where it falls to 140% above the HPI. The line then continues to track at 140% above the HPI.

How Large is 46 PENN LANE?

46 PENN LANE is 294m² according to the EPC inspection conducted in April 2024. This puts it in the largest 10% of detached houses in Melbourne, based on EPC data. The below chart shows the distribution of detached houses by size in Melbourne, and where 46 PENN LANE lies on this distribution: 99% of detached houses are smaller than 46 PENN LANE, and 1% of houses are larger. Note that EPC data is not available for all properties in Melbourne.

46 PENN LANE: Plot and Title Map

46 PENN LANE sits on a plot of roughly 0.356 of an acre, or 1,439m². The below map shows the location of 46 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 46 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 46 PENN LANE?

46 PENN LANE is located in MELBOURNE, in the DE73 postcode district. The below map shows the position of No. 46 on PENN LANE.