PENLEE, CHURCH LANE, NEW MILLS, HIGH PEAK, SK22 4NP - £285,000

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

PENLEE is a midsized detached house of 114m², built sometime between 1930 and 1949. It was last sold for £285,000 in November 2017, which was around 9% below the average November 2017 detached price in the High Peak local authority area. The most recent EPC inspection was October 2011, where the current energy rating was D, and the potential energy rating was D.

PENLEE Sold Prices

Land registry data shows three sales for PENLEE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the High Peak local authority area for the corresponding sale date. All of the three PENLEE 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
2017 24 NOV	£285,000	£312,675	9% below HPI
2017 21 MAR	£250,000	£298,429	16% below HPI
2005 19 MAY	£225,000	£251,122	10% below HPI

PENLEE Price Paid vs. HPI Average

The below graph shows the average detached house price in the High Peak local authority area over time, sourced from the HPI. The three PENLEE sales between May 2005 and November 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 March 2017 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the November 2017 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is PENLEE?

PENLEE is 114m² according to the EPC inspection conducted in October 2011. This puts it in the smallest 50% of detached houses in New Mills, based on EPC data. The below chart shows the distribution of detached houses by size in New Mills, and where PENLEE lies on this distribution: 50% of detached houses are smaller than PENLEE, and 50% of houses are larger. Note that EPC data is not available for all properties in New Mills.

PENLEE: Plot and Title Map

PENLEE sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of PENLEE, 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 PENLEE). 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 PENLEE?

PENLEE is located on CHURCH LANE in NEW MILLS, in the SK22 postcode district. The below map shows the position of PENLEE on CHURCH LANE.