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4 bed house for sale Penn Lane, Melbourne, DE73

Offers over
£980,000
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Reduced on 17/10/2026

Type
Detached
Bedrooms
4
Bathrooms
2
Size
£384 per sq ft
Tenure
Freehold
EPC Energy rating band E 51 potential C

Key features

  • Substantial detached family home.
  • Half acre approx mature plot.
  • Two storey large garage.
  • Potential for re-development/extension/modernisation (subject to planning)
  • Idyllic sought after location.
  • Private and mature gardens.
  • No Chain.

About this property

A rare opportunity to purchase a substantial detached family home with large two storey garage on a stunning half acre approx plot in this prime residential location with no chain! The property offers potential for modernisation/extension or re-development subject to buyers' requirements and planning permission. The garage has been constructed with a conversion to residential use in mind (subject to planning). The property has a gas fired central heating system and partial double glazing (where specified) and briefly comprises, to the ground floor:- Entrance hall, living room, second sitting room, breakfast kitchen, porch and bathroom. To the first floor are four potential bedrooms, the principal bedroom having an ensuite shower room. Outside is a substantial two storey garage with wc, utility area and partitioned rooms to the first floor. A particular feature of the property is the generous approx half acre plot, with a variety of either shady or sunny seating areas, large area of shaped lawn flanked with established trees and shrubs. There is a greenhouse to be included with the selling price. The garden extends down to Browns Field having a wooded walkway to the rear with a natural underground stream which fills a natural pool towards the rear boundary.

Floorplan

Energy performance

Energy rating band E 51
Current
Potential
92+
A
81-91
B
69-80
C
Potential rating: 69 C
55-68
D
39-54
E
Current rating: 51 E
21-38
F
1-20
G

This home is rated band E, scoring 51 out of 100. The average British home is band D. Its certificate says it could reach band C (69) if the improvements it recommends were carried out.

Read from the certificate published with this listing, so it may not be the latest one. Check the government EPC register for the full certificate and its recommendations.

Council tax

Ask agent
Per year
  • Band A
    £1,612
  • Band B
    £1,881
  • Band C
    £2,150
  • Band D
    £2,418
  • Band E
    £2,956
  • Band F
    £3,493
  • Band G
    £4,030
  • Band H
    £4,836

The agent hasn't said which band this home is in; you can look it up on GOV.UK. In North West Leicestershire, 2026/27 bills run from £1,612 a year in band A to £4,836 in band H.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across North West Leicestershire, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone.

Price guide

This home (approx.)
£384 / sq ft
Area average (sold)
£300 / sq ft
Price per area, sold homes nearby
Lowest
This home
Highest

About £384 per sq ft, above 9 in 10 recent sales in DE73 (£226–£371, 10th–90th percentile, 640 sales over 24 months).

Lowest and highest are the 10th and 90th percentiles of 640 homes sold in DE73 over the last 24 months. This home's figure uses its asking price and a floor area matched from the EPC register, so it is approximate. All sold £/sq ft in DE73 →

Location

Penn Lane, Melbourne, DE73

Mortgage and stamp duty

Property price £980,000
£490k £1.5m
Deposit10% £98,000
£0 £980k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years

A £882,000 mortgage. Most lenders would want a household income of about £196,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

AddressSoldSizePrice
28, Penn Lane Semi-detachedAug 2025689 sq ft £429/sq ft£295,500
32, Penn Lane DetachedMar 20241,572 sq ft £500/sq ft£785,000
12, Penn Lane Semi-detachedNov 20231,087 sq ft £373/sq ft£405,000
12, Penn Lane Semi-detachedJul 20221,087 sq ft £322/sq ft£350,000
44, Penn Lane DetachedOct 20211,701 sq ft £441/sq ft£750,000
46, Penn Lane DetachedOct 20183,165 sq ft £205/sq ft£650,000
32, Penn Lane DetachedApr 20181,572 sq ft £280/sq ft£440,000
2, Penn Lane Semi-detachedMay 2016786 sq ft £375/sq ft£295,000

All sales on Penn Lane → All sold prices in Derby →

Area insights

The neighbourhood around this property.

Marketed by
Ashley Adams, Melbourne, Derby
39 Market Place, DERBY, Derbyshire
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