38, PENNY LODGE LANE, LOVECLOUGH, ROSSENDALE, BB4 8PD - £350,000

38 PENNY LODGE LANE is a very large extended detached house of 234m², built sometime between 2003 and 2006. It was last sold for £350,000 in August 2020, which was around 45% above the average August 2020 detached price in the Rossendale local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was C.

38 PENNY LODGE LANE Sold Prices

Land registry data shows two sales for 38 PENNY LODGE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rossendale local authority area for the corresponding sale date. Both of the two 38 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
2020 14 AUG	£350,000	£240,815	45% above HPI
2004 25 OCT	£350,000	£163,398	114% above HPI

38 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 two 38 PENNY LODGE LANE sales from October 2004 and August 2020 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 2004 sale was for 114% above the HPI. So the extrapolation line tracks at 114% above the HPI over time, until the August 2020 sale, where it falls to 45% above the HPI. The line then continues to track at 45% above the HPI.

How Large is 38 PENNY LODGE LANE?

38 PENNY LODGE LANE is 234m², which includes two extensions, according to the EPC inspection conducted in September 2019. This puts it in the largest 10% of detached houses in Rawtenstall, based on EPC data. The below chart shows the distribution of detached houses by size in Rawtenstall, and where 38 PENNY LODGE LANE lies on this distribution: 94% of detached houses are smaller than 38 PENNY LODGE LANE, and 6% of houses are larger. Note that EPC data is not available for all properties in Rawtenstall.

38 PENNY LODGE LANE: Plot and Title Map

38 PENNY LODGE LANE sits on a plot of roughly 7.9 acres, or 32,095m². The below map shows the location of 38 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 38 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 38 PENNY LODGE LANE?

38 PENNY LODGE LANE is located in LOVECLOUGH, in the BB4 postcode district. The below map shows the position of No. 38 on PENNY LODGE LANE.