2, PENNINE WAY, SPALDING, PE11 2DB - £190,000

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

2 PENNINE WAY is a large extended detached house of 122m², built sometime between 1967 and 1975. It was last sold for £190,000 in September 2011, which was around 11% above the average September 2011 detached price in the South Holland local authority area. The most recent EPC inspection was September 2010, where the current energy rating was C, and the potential energy rating was C.

2 PENNINE WAY Sold Prices

Land registry data shows three sales for 2 PENNINE WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. All of the three 2 PENNINE WAY 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
2011 26 SEP	£190,000	£171,153	11% above HPI
2006 29 AUG	£189,000	£184,922	2% above HPI
2002 18 DEC	£155,000	£126,885	22% above HPI

2 PENNINE WAY 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 three 2 PENNINE WAY sales between December 2002 and September 2011 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 August 2006 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the September 2011 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is 2 PENNINE WAY?

2 PENNINE WAY is 122m², which includes one extension, according to the EPC inspection conducted in September 2010. This puts it in the largest 40% of detached houses in Spalding, based on EPC data. The below chart shows the distribution of detached houses by size in Spalding, and where 2 PENNINE WAY lies on this distribution: 64% of detached houses are smaller than 2 PENNINE WAY, and 36% of houses are larger. Note that EPC data is not available for all properties in Spalding.

2 PENNINE WAY: Plot and Title Map

2 PENNINE WAY sits on a plot of roughly 0.137 of an acre, or 552m². The below map shows the location of 2 PENNINE WAY, 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 2 PENNINE WAY). 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 2 PENNINE WAY?

2 PENNINE WAY is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 2 on PENNINE WAY.