PENNSIDE, PENN LANE, MELBOURNE, DERBY, DE73 8EP - £900,000

PENNSIDE is a very large extended detached house of 264m², built sometime between 1983 and 1990. It was last sold for £900,000 in November 2018, which was around 227% above the average November 2018 detached price in the South Derbyshire local authority area. The most recent EPC inspection was November 2022, where the current energy rating was C, and the potential energy rating was C.

PENNSIDE Sold Prices

Land registry data shows two sales for PENNSIDE 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. Both of the two PENNSIDE 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
2018 2 NOV	£900,000	£275,036	227% above HPI
2012 17 DEC	£647,000	£198,995	225% above HPI

PENNSIDE 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 PENNSIDE sales from December 2012 and November 2018 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 2012 sale was for 225% above the HPI. So the extrapolation line tracks at 225% above the HPI over time, until the November 2018 sale, where it rises to 227% above the HPI. The line then continues to track at 227% above the HPI.

How Large is PENNSIDE?

PENNSIDE is 264m², which includes one extension, according to the EPC inspection conducted in November 2022. This puts it in the largest 10% of detached houses in Melbourne, based on EPC data. The below chart shows the distribution of detached houses by size in Melbourne, and where PENNSIDE lies on this distribution: 96% of detached houses are smaller than PENNSIDE, and 3% of houses are larger. Note that EPC data is not available for all properties in Melbourne.

PENNSIDE: Plot and Title Map

PENNSIDE sits on a plot of roughly 0.217 of an acre, or 877m². The below map shows the location of PENNSIDE, 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 PENNSIDE). 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 PENNSIDE?

PENNSIDE is located on PENN LANE in MELBOURNE, in the DE73 postcode district. The below map shows the position of PENNSIDE on PENN LANE.