5, PENN LANE, MELBOURNE, DERBY, DE73 8EQ - £310,000

5 PENN LANE is a midsized extended detached house of 114m², built sometime before 1900. It was last sold for £310,000 in March 2007, which was around 40% above the average March 2007 detached price in the South Derbyshire local authority area. The most recent EPC inspection was December 2018, where the current energy rating was D, and the potential energy rating was B.

5 PENN LANE Sold Prices

Land registry data shows two sales for 5 PENN 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 South Derbyshire local authority area for the corresponding sale date. One of the two 5 PENN LANE sales was for above the average price, whilst the other 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
2007 2 MAR	£310,000	£220,892	40% above HPI
2001 6 DEC	£102,000	£113,573	10% below HPI

5 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 two 5 PENN LANE sales from December 2001 and March 2007 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 December 2001 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the March 2007 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is 5 PENN LANE?

5 PENN LANE is 114m², which includes one extension, according to the EPC inspection conducted in December 2018. This puts it in the smallest 50% of detached houses in Melbourne, based on EPC data. The below chart shows the distribution of detached houses by size in Melbourne, and where 5 PENN LANE lies on this distribution: 43% of detached houses are smaller than 5 PENN LANE, and 57% of houses are larger. Note that EPC data is not available for all properties in Melbourne.

5 PENN LANE: Plot and Title Map

5 PENN LANE sits on a plot of roughly 0.074 of an acre, or 298m². The below map shows the location of 5 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 5 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 5 PENN LANE?

5 PENN LANE is located in MELBOURNE, in the DE73 postcode district. The below map shows the position of No. 5 on PENN LANE.