54, PENN WAY, LETCHWORTH GARDEN CITY, SG6 2SH - £588,000

54 PENN WAY is a small extended detached house of 107m², built sometime between 1967 and 1975. It was last sold for £588,000 in December 2021, which was around 13% below the average December 2021 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was D.

54 PENN WAY Sold Prices

Land registry data shows two sales for 54 PENN WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Hertfordshire local authority area for the corresponding sale date. Both of the two 54 PENN WAY 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
2021 3 DEC	£588,000	£678,953	13% below HPI
2013 2 AUG	£320,000	£409,361	22% below HPI

54 PENN WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Hertfordshire local authority area over time, sourced from the HPI. The two 54 PENN WAY sales from August 2013 and December 2021 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 August 2013 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the December 2021 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 54 PENN WAY?

54 PENN WAY is 107m², which includes one extension, according to the EPC inspection conducted in January 2012. This puts it in the smallest 40% of detached houses in Letchworth, based on EPC data. The below chart shows the distribution of detached houses by size in Letchworth, and where 54 PENN WAY lies on this distribution: 32% of detached houses are smaller than 54 PENN WAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Letchworth.

54 PENN WAY: Plot and Title Map

54 PENN WAY sits on a plot of roughly 0.405 of an acre, or 1,638m². The below map shows the location of 54 PENN WAY, 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 54 PENN WAY). 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 54 PENN WAY?

54 PENN WAY is located in LETCHWORTH GARDEN CITY, in the SG6 postcode district. The below map shows the position of No. 54 on PENN WAY.