46, PENN WAY, LETCHWORTH GARDEN CITY, SG6 2SJ - £640,000

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 WAY is a small extended detached house of 111m², built sometime between 1967 and 1975. It was last sold for £640,000 in July 2023, which was around 10% below the average July 2023 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was B.

46 PENN WAY Sold Prices

Land registry data shows two sales for 46 PENN WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Hertfordshire local authority area for the corresponding sale date. Both of the two 46 PENN WAY 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
2023 18 JUL	£640,000	£711,698	10% below HPI
2012 24 AUG	£330,000	£405,742	19% below HPI

46 PENN WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Hertfordshire local authority area over time, sourced from the HPI. The two 46 PENN WAY sales from August 2012 and July 2023 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 August 2012 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the July 2023 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 46 PENN WAY?

46 PENN WAY is 111m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the smallest 40% of detached houses in Letchworth, based on EPC data. The below chart shows the distribution of detached houses by size in Letchworth, and where 46 PENN WAY lies on this distribution: 34% of detached houses are smaller than 46 PENN WAY, and 65% of houses are larger. Note that EPC data is not available for all properties in Letchworth.

46 PENN WAY: Plot and Title Map

46 PENN WAY sits on a plot of roughly 0.108 of an acre, or 438m². The below map shows the location of 46 PENN WAY, 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 WAY). 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 WAY?

46 PENN WAY is located in LETCHWORTH GARDEN CITY, in the SG6 postcode district. The below map shows the position of No. 46 on PENN WAY.