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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
According to the public record, 2, Penn Lane, Derby is a early-century freehold house with 957 ft2 of internal area and sits on a 590 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Penn Lane, Derby is £382,333 and the estimated rental value is £1,426 per month.
Penn Lane, Melbourne, Derby, DE73 is located in the borough of South Derbyshire within the DE73 postal district.
2, Penn Lane, Derby has a single entry in the Land Registry from May 2016 and a single entry in the EPC database dated December 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Penn Lane, Derby is in very good condition we estimate a sale value of £401,450 and a rental value of £1,498 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £355,570 and a rental value of £1,326 per month.
Over the last 12 months the sale value of 2 Penn Lane Derby has decreased by an estimated £3,494 (0.9%) and its rental value has increased by an estimated £28 per month (2.0%), giving an expected gross yield of 4.5%.
According to data from HM Land Registry, 2, Penn Lane, Derby sits on a plot of 590m2.
We have plot size data on 21 out of 29 other houses in the postcode and 2, Penn Lane, Derby sits on the 9th largest plot.
2, Penn Lane, Derby has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Dec 2015.
The property is connected to mains gas and has some double glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Penn Lane, Derby was last sold on 31st May 2016 for £295,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2016, the market for similar properties has risen 38.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Penn Lane, Derby within a radius of 890 metres over the last 2 years.
The most recent example is 95, Jubilee Close, Derby, DE73 8GR, a freehold house which sold for £425,000 on the 29th August 2024.
Read more about house prices in DE73.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Penn Lane, Melbourne, Derby, DE73 has a total of 55 addresses. According to our analysis of all the public data, 2, Penn Lane, Derby is the 30th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £64k more expensive than the average property in DE73.
The closest station to 2, Penn Lane, Derby is Peartree station which is 9.0 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around 2, Penn Lane, Derby, 43.5% of property is privately owned outright and 25.9% is privately owned with a mortgage.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Penn Lane, Derby, 15.4% of residents are recorded as possessing school level qualifications and 50.6% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Penn Lane, Derby, the average age was 45.6 and the most common age was 57.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Penn Lane, Derby, 3.3% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Penn Lane, Derby, there are an average of 1.5 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
