10, PENN LANE, MELBOURNE, DERBY, DE73 8EQ - £275,000

10 PENN LANE is a small extended semi-detached house of 110m², built sometime between 1930 and 1949. It was last sold for £275,000 in October 2010, which was around 31% above the average October 2010 detached price in the South Derbyshire local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was D.

10 PENN LANE Sold Prices

Land registry data shows three sales for 10 PENN 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 South Derbyshire local authority area for the corresponding sale date. Two of the three 10 PENN LANE sales were for above the average price, whilst one was 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
2010 15 OCT	£275,000	£210,319	31% above HPI
2006 26 MAY	£249,950	£211,681	18% above HPI
2003 30 MAY	£145,000	£161,378	10% below HPI

10 PENN LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Derbyshire local authority area over time, sourced from the HPI. The three 10 PENN LANE sales between May 2003 and October 2010 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 2006 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the October 2010 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is 10 PENN LANE?

10 PENN LANE is 110m², which includes one extension, according to the EPC inspection conducted in July 2010. This puts it in the smallest 40% of detached houses in Melbourne, based on EPC data. The below chart shows the distribution of detached houses by size in Melbourne, and where 10 PENN LANE lies on this distribution: 39% of detached houses are smaller than 10 PENN LANE, and 61% of houses are larger. Note that EPC data is not available for all properties in Melbourne.

10 PENN LANE: Plot and Title Map

10 PENN LANE sits on a plot of roughly 0.106 of an acre, or 431m². The below map shows the location of 10 PENN 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 10 PENN 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 10 PENN LANE?

10 PENN LANE is located in MELBOURNE, in the DE73 postcode district. The below map shows the position of No. 10 on PENN LANE.