51, PENN WAY, LETCHWORTH GARDEN CITY, SG6 2SJ - £680,000

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

51 PENN WAY is a midsized extended detached house of 132m², built sometime between 1976 and 1982. It was last sold for £680,000 in December 2022, which was around 3% below the average December 2022 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

51 PENN WAY Sold Prices

Land registry data shows three sales for 51 PENN WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Hertfordshire local authority area for the corresponding sale date. All of the three 51 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
2022 9 DEC	£680,000	£701,594	3% below HPI
2010 15 DEC	£335,000	£405,542	17% below HPI
2002 22 AUG	£230,000	£273,420	16% below HPI

51 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 three 51 PENN WAY sales between August 2002 and December 2022 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 December 2010 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the December 2022 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 51 PENN WAY?

51 PENN WAY is 132m², which includes one extension, according to the EPC inspection conducted in July 2022. This puts it in the largest 50% of detached houses in Letchworth, based on EPC data. The below chart shows the distribution of detached houses by size in Letchworth, and where 51 PENN WAY lies on this distribution: 58% of detached houses are smaller than 51 PENN WAY, and 42% of houses are larger. Note that EPC data is not available for all properties in Letchworth.

51 PENN WAY: Plot and Title Map

51 PENN WAY sits on a plot of roughly 0.624 of an acre, or 2,525m². The below map shows the location of 51 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 51 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 51 PENN WAY?

51 PENN WAY is located in LETCHWORTH GARDEN CITY, in the SG6 postcode district. The below map shows the position of No. 51 on PENN WAY.