PENNYLANE, EASTOFT ROAD, CROWLE, SCUNTHORPE, DN17 4LP - £440,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

PENNYLANE is a very large detached house of 194m², built sometime between 1991 and 1995, which could now be worth an estimated £529,462. It was last sold for £440,000 in September 2020, which was around 114% above the average September 2020 detached price in the North Lincolnshire local authority area. The most recent EPC inspection was January 2020, where the current energy rating was C, and the potential energy rating was B.

PENNYLANE Sold Prices

Land registry data shows two sales for PENNYLANE 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 Lincolnshire local authority area for the corresponding sale date. Both of the two PENNYLANE 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
2020 23 SEP	£440,000	£205,610	114% above HPI
2009 17 NOV	£322,500	£159,555	102% above HPI

PENNYLANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Lincolnshire local authority area over time, sourced from the HPI. The two PENNYLANE sales from November 2009 and September 2020 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 November 2009 sale was for 102% above the HPI. So the extrapolation line tracks at 102% above the HPI over time, until the September 2020 sale, where it rises to 114% above the HPI. The line then continues to track at 114% above the HPI.

What might PENNYLANE be worth now?

PENNYLANE might now be worth an estimated £529,462.

This is based on house price inflation of 20.3%, between September 2020 and February 2025, for detached houses, in the North Lincolnshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.3% inflationary increase is applied to the most recent sale price for PENNYLANE of £440,000 on 23rd September 2020. For the value to have increased from £440,000 to £529,462 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of PENNYLANE has moved in line with the HPI for detached houses in the North Lincolnshire local authority area.
• The September 2020 sale price of £440,000 represented a fair market value for the property.
• The size, condition, and specification of PENNYLANE has not materially changed since September 2020.

How Large is PENNYLANE?

PENNYLANE is 194m² according to the EPC inspection conducted in January 2020. This puts it in the largest 10% of detached houses houses in Crowle, based on EPC data. The below chart shows the distribution of detached houses houses by size in Crowle, and where PENNYLANE lies on this distribution: 92% of detached houses houses are smaller than PENNYLANE, and 8% of houses are larger. Note that EPC data is not available for all properties in Crowle.

PENNYLANE: Plot and Title Map

PENNYLANE sits on a plot of roughly 0.533 of an acre, or 2,157m². The below map shows the location of PENNYLANE, 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 PENNYLANE). 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 PENNYLANE?

PENNYLANE is located on EASTOFT ROAD in CROWLE, in the DN17 postcode district. The below map shows the position of PENNYLANE on EASTOFT ROAD.