PENLEAS, NORTH STREET, FONTMELL MAGNA, SHAFTESBURY, SP7 0NS - £462,000

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.

PENLEAS is a small extended detached house of 115m², built sometime between 1950 and 1966, which could now be worth an estimated £551,506. It was last sold for £462,000 in October 2018, which was around 4% above the average October 2018 detached price in the Dorset local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was C.

PENLEAS Sold Prices

Land registry data shows four sales for PENLEAS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. Most of the four PENLEAS 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
2018 25 OCT	£462,000	£442,670	4% above HPI
2015 8 OCT	£277,000	£388,534	29% below HPI
2006 26 MAY	£245,000	£304,807	20% below HPI
2000 10 MAR	£148,000	£154,474	4% below HPI

PENLEAS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dorset local authority area over time, sourced from the HPI. The four PENLEAS sales between March 2000 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 October 2015 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the October 2018 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might PENLEAS be worth now?

PENLEAS might now be worth an estimated £551,506.

This is based on house price inflation of 19.4%, between October 2018 and February 2025, for detached houses, in the Dorset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.4% inflationary increase is applied to the most recent sale price for PENLEAS of £462,000 on 25th October 2018. For the value to have increased from £462,000 to £551,506 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of PENLEAS has moved in line with the HPI for detached houses in the Dorset local authority area.
• The October 2018 sale price of £462,000 represented a fair market value for the property.
• The size, condition, and specification of PENLEAS has not materially changed since October 2018.

How Large is PENLEAS?

PENLEAS is 115m², which includes one extension, according to the EPC inspection conducted in July 2017. This puts it in the smallest 40% of detached houses houses in Fontmell Magna, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fontmell Magna, and where PENLEAS lies on this distribution: 37% of detached houses houses are smaller than PENLEAS, and 61% of houses are larger. Note that EPC data is not available for all properties in Fontmell Magna.

PENLEAS: Plot and Title Map

PENLEAS sits on a plot of roughly 0.212 of an acre, or 859m². The below map shows the location of PENLEAS, 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 PENLEAS). 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 PENLEAS?

PENLEAS is located on NORTH STREET in FONTMELL MAGNA, in the SP7 postcode district. The below map shows the position of PENLEAS on NORTH STREET.