49, PENN WAY, LETCHWORTH GARDEN CITY, SG6 2SJ - £492,500

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

49 PENN WAY is a small extended detached house of 96m², built sometime between 1967 and 1975. It was last sold for £492,500 in October 2021, which was around 27% below the average October 2021 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

49 PENN WAY Sold Prices

Land registry data shows five sales for 49 PENN WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the North Hertfordshire local authority area for the corresponding sale date. All of the five 49 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
2021 8 OCT	£492,500	£675,970	27% below HPI
2017 15 FEB	£442,000	£593,668	26% below HPI
2005 14 OCT	£260,000	£345,101	25% below HPI
2004 17 JUN	£232,000	£328,706	29% below HPI
1997 6 NOV	£111,000	£144,085	23% below HPI

49 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 five 49 PENN WAY sales between November 1997 and October 2021 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 February 2017 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the October 2021 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 49 PENN WAY?

49 PENN WAY is 96m², which includes two extensions, according to the EPC inspection conducted in November 2016. This puts it in the smallest 30% of detached houses in Letchworth, based on EPC data. The below chart shows the distribution of detached houses by size in Letchworth, and where 49 PENN WAY lies on this distribution: 20% of detached houses are smaller than 49 PENN WAY, and 79% of houses are larger. Note that EPC data is not available for all properties in Letchworth.

49 PENN WAY: Plot and Title Map

49 PENN WAY sits on a plot of roughly 1.1 acres, or 4,367m². The below map shows the location of 49 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 49 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 49 PENN WAY?

49 PENN WAY is located in LETCHWORTH GARDEN CITY, in the SG6 postcode district. The below map shows the position of No. 49 on PENN WAY.