148A, PENNYGATE, SPALDING, PE11 1LX - £136,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

148A PENNYGATE is a very small extended detached house of 77m², built sometime between 1967 and 1975. It was last sold for £136,000 in March 2007, which was around 28% below the average March 2007 detached price in the South Holland local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was B.

148A PENNYGATE Sold Prices

Land registry data shows two sales for 148A PENNYGATE 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 Holland local authority area for the corresponding sale date. Both of the two 148A PENNYGATE 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
2007 16 MAR	£136,000	£188,752	28% below HPI
1997 26 JUN	£48,000	£57,940	17% below HPI

148A PENNYGATE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Holland local authority area over time, sourced from the HPI. The two 148A PENNYGATE sales from June 1997 and March 2007 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 June 1997 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the March 2007 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 148A PENNYGATE?

148A PENNYGATE is 77m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the smallest 20% of detached houses in Spalding, based on EPC data. The below chart shows the distribution of detached houses by size in Spalding, and where 148A PENNYGATE lies on this distribution: 14% of detached houses are smaller than 148A PENNYGATE, and 85% of houses are larger. Note that EPC data is not available for all properties in Spalding.

148A PENNYGATE: Plot and Title Map

148A PENNYGATE sits on a plot of roughly 0.128 of an acre, or 517m². The below map shows the location of 148A PENNYGATE, 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 148A PENNYGATE). 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 148A PENNYGATE?

148A PENNYGATE is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 148A on PENNYGATE.