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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 PENNINE WAY is a large extended detached house of 122m², built sometime between 1967 and 1975, which could now be worth an estimated £310,332. It was last sold for £190,000 in September 2011, which was around 12% 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	£170,314	12% above HPI
2006 29 AUG	£189,000	£184,016	3% above HPI
2002 18 DEC	£155,000	£126,263	23% 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 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the September 2011 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 2 PENNINE WAY be worth now?

2 PENNINE WAY might now be worth an estimated £310,332.

This is based on house price inflation of 63.3%, between September 2011 and February 2025, for detached houses, in the South Holland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 63.3% inflationary increase is applied to the most recent sale price for 2 PENNINE WAY of £190,000 on 26th September 2011. For the value to have increased from £190,000 to £310,332 over the fourteen years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 PENNINE WAY has moved in line with the HPI for detached houses in the South Holland local authority area.
• The September 2011 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PENNINE WAY has not materially changed since September 2011.

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 houses in Spalding, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spalding, and where 2 PENNINE WAY lies on this distribution: 64% of detached houses 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 0.136 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.