6, PENNY LODGE LANE, LOVECLOUGH, ROSSENDALE, BB4 8PD - £340,000

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.

6 PENNY LODGE LANE is a very large detached house of 228m², built sometime between 1996 and 2002, which could now be worth an estimated £515,980. It was last sold for £340,000 in December 2017, which was around 49% above the average December 2017 detached price in the Rossendale local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was B.

6 PENNY LODGE LANE Sold Prices

Land registry data shows three sales for 6 PENNY LODGE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rossendale local authority area for the corresponding sale date. All of the three 6 PENNY LODGE 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
2017 20 DEC	£340,000	£227,486	49% above HPI
2014 19 MAY	£355,000	£183,201	94% above HPI
2003 24 OCT	£279,995	£138,962	101% above HPI

6 PENNY LODGE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rossendale local authority area over time, sourced from the HPI. The three 6 PENNY LODGE LANE sales between October 2003 and December 2017 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 2014 sale was for 94% above the HPI. So the extrapolation line tracks at 94% above the HPI over time, until the December 2017 sale, where it falls to 49% above the HPI. The line then continues to track at 49% above the HPI.

What might 6 PENNY LODGE LANE be worth now?

6 PENNY LODGE LANE might now be worth an estimated £515,980.

This is based on house price inflation of 51.8%, between December 2017 and February 2025, for detached houses, in the Rossendale local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 51.8% inflationary increase is applied to the most recent sale price for 6 PENNY LODGE LANE of £340,000 on 20th December 2017. For the value to have increased from £340,000 to £515,980 over the eight years and ten months to February 2025, the following assumptions must hold true:

• The value of 6 PENNY LODGE LANE has moved in line with the HPI for detached houses in the Rossendale local authority area.
• The December 2017 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 6 PENNY LODGE LANE has not materially changed since December 2017.

How Large is 6 PENNY LODGE LANE?

6 PENNY LODGE LANE is 228m² according to the EPC inspection conducted in March 2014. This puts it in the largest 10% of detached houses houses in Rawtenstall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rawtenstall, and where 6 PENNY LODGE LANE lies on this distribution: 93% of detached houses houses are smaller than 6 PENNY LODGE LANE, and 7% of houses are larger. Note that EPC data is not available for all properties in Rawtenstall.

6 PENNY LODGE LANE: Plot and Title Map

6 PENNY LODGE LANE sits on a plot of roughly 7.9 acres, or 32,095m². The below map shows the location of 6 PENNY LODGE 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 6 PENNY LODGE 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 6 PENNY LODGE LANE?

6 PENNY LODGE LANE is located in LOVECLOUGH, in the BB4 postcode district. The below map shows the position of No. 6 on PENNY LODGE LANE.