7, PENNY LANE, CHIPPENHAM, SN15 3SS - £340,000

7 PENNY LANE is a midsized extended detached house of 117m², built sometime between 1983 and 1990. It was last sold for £340,000 in October 2023, which was around 33% below the average October 2023 detached price in the Wiltshire local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was B.

7 PENNY LANE Sold Prices

Land registry data shows five sales for 7 PENNY LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. All of the five 7 PENNY LANE 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
2023 9 OCT	£340,000	£505,403	33% below HPI
2021 12 MAR	£293,000	£432,800	32% below HPI
2003 14 MAY	£132,000	£254,168	48% below HPI
2001 6 APR	£90,000	£184,429	51% below HPI
1997 27 MAR	£56,000	£108,717	48% below HPI

7 PENNY LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wiltshire local authority area over time, sourced from the HPI. The five 7 PENNY LANE sales between March 1997 and October 2023 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 March 2021 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the October 2023 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 7 PENNY LANE?

7 PENNY LANE is 117m², which includes two extensions, according to the EPC inspection conducted in September 2018. This puts it in the largest 50% of detached houses in Chippenham, based on EPC data. The below chart shows the distribution of detached houses by size in Chippenham, and where 7 PENNY LANE lies on this distribution: 55% of detached houses are smaller than 7 PENNY LANE, and 45% of houses are larger. Note that EPC data is not available for all properties in Chippenham.

7 PENNY LANE: Plot and Title Map

7 PENNY LANE sits on a plot of roughly 0.094 of an acre, or 378m². The below map shows the location of 7 PENNY 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 PENNY 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 PENNY LANE?

7 PENNY LANE is located in CHIPPENHAM, in the SN15 postcode district. The below map shows the position of No. 7 on PENNY LANE.