PENNYWELL MANOR, FORTUNE LANE, ELSTREE, BOREHAMWOOD, WD6 3RY - £3,870,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

PENNYWELL MANOR is a very large extended detached house of 638m², built sometime between 1930 and 1949, which could now be worth an estimated £5,140,147. It was last sold for £3,870,000 in February 2015, which was around 348% above the average February 2015 detached price in the Hertsmere local authority area. The most recent EPC inspection was June 2023, where the current energy rating was B, and the potential energy rating was B.

PENNYWELL MANOR Sold Prices

Land registry data shows two sales for PENNYWELL MANOR since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Hertsmere local authority area for the corresponding sale date. Both of the two PENNYWELL MANOR 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
2015 13 FEB	£3,870,000	£864,205	348% above HPI
2013 29 OCT	£3,300,000	£731,443	351% above HPI

PENNYWELL MANOR Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hertsmere local authority area over time, sourced from the HPI. The two PENNYWELL MANOR sales from October 2013 and February 2015 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 2013 sale was for 351% above the HPI. So the extrapolation line tracks at 351% above the HPI over time, until the February 2015 sale, where it falls to 348% above the HPI. The line then continues to track at 348% above the HPI.

What might PENNYWELL MANOR be worth now?

PENNYWELL MANOR might now be worth an estimated £5,140,147.

This is based on house price inflation of 32.8%, between February 2015 and December 2024, for detached houses, in the Hertsmere local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.8% inflationary increase is applied to the most recent sale price for PENNYWELL MANOR of £3,870,000 on 13th February 2015. For the value to have increased from £3,870,000 to £5,140,147 over the eight years and two months to December 2024, the following assumptions must hold true:

• The value of PENNYWELL MANOR has moved in line with the HPI for detached houses in the Hertsmere local authority area.
• The February 2015 sale price of £3,870,000 represented a fair market value for the property.
• The size, condition, and specification of PENNYWELL MANOR has not materially changed since February 2015.

How Large is PENNYWELL MANOR?

PENNYWELL MANOR is 638m², which includes one extension, according to the EPC inspection conducted in June 2023. This puts it in the largest 10% of detached houses houses in Elstree, based on EPC data. The below chart shows the distribution of detached houses houses by size in Elstree, and where PENNYWELL MANOR lies on this distribution: 96% of detached houses houses are smaller than PENNYWELL MANOR, and 4% of houses are larger. Note that EPC data is not available for all properties in Elstree.

PENNYWELL MANOR: Plot and Title Map

PENNYWELL MANOR sits on a plot of roughly 0.740 of an acre, or 2,996m². The below map shows the location of PENNYWELL MANOR, 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 PENNYWELL MANOR). 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 PENNYWELL MANOR?

PENNYWELL MANOR is located on FORTUNE LANE in ELSTREE, in the WD6 postcode district. The below map shows the position of PENNYWELL MANOR on FORTUNE LANE.