7, PENN LANE, STATHERN, MELTON MOWBRAY, LE14 4JA - £385,000

7 PENN LANE is a large extended detached house of 193m², built sometime before 1900. It was last sold for £385,000 in August 2015, which was around 44% above the average August 2015 detached price in the Melton local authority area. The most recent EPC inspection was March 2013, where the current energy rating was F, and the potential energy rating was C.

7 PENN LANE Sold Prices

Land registry data shows two sales for 7 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 Melton local authority area for the corresponding sale date. Both of the two 7 PENN 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
2015 21 AUG	£385,000	£267,481	44% above HPI
1996 27 SEP	£94,000	£86,304	9% above HPI

7 PENN LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Melton local authority area over time, sourced from the HPI. The two 7 PENN LANE sales from September 1996 and August 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 September 1996 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the August 2015 sale, where it rises to 44% above the HPI. The line then continues to track at 44% above the HPI.

How Large is 7 PENN LANE?

7 PENN LANE is 193m², which includes two extensions, according to the EPC inspection conducted in March 2013. This puts it in the largest 30% of detached houses in Stathern, based on EPC data. The below chart shows the distribution of detached houses by size in Stathern, and where 7 PENN LANE lies on this distribution: 78% of detached houses are smaller than 7 PENN LANE, and 22% of houses are larger. Note that EPC data is not available for all properties in Stathern.

7 PENN LANE: Plot and Title Map

7 PENN LANE sits on a plot of roughly 0.142 of an acre, or 575m². The below map shows the location of 7 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 7 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 7 PENN LANE?

7 PENN LANE is located in STATHERN, in the LE14 postcode district. The below map shows the position of No. 7 on PENN LANE.