2, PENNY HILL CLOSE, SPALDING, PE11 2DE - £240,000

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 PENNY HILL CLOSE is a midsized extended detached house of 107m², built sometime between 1976 and 1982. It was last sold for £240,000 in August 2019, which was around 2% above the average August 2019 detached price in the South Holland local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

2 PENNY HILL CLOSE Sold Prices

Land registry data shows three sales for 2 PENNY HILL CLOSE 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. The three 2 PENNY HILL CLOSE sales were a mix of above the average price, roughly equal to the average price, and 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
2019 6 AUG	£240,000	£235,256	2% above HPI
2015 27 JUL	£197,000	£196,793	Close to HPI
2003 15 SEP	£137,000	£140,143	2% below HPI

2 PENNY HILL CLOSE 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 PENNY HILL CLOSE sales between September 2003 and August 2019 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 July 2015 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the August 2019 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 2 PENNY HILL CLOSE?

2 PENNY HILL CLOSE is 107m², which includes one extension, according to the EPC inspection conducted in June 2015. This puts it in the smallest 50% 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 PENNY HILL CLOSE lies on this distribution: 46% of detached houses are smaller than 2 PENNY HILL CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Spalding.

2 PENNY HILL CLOSE: Plot and Title Map

2 PENNY HILL CLOSE sits on a plot of roughly 0.160 of an acre, or 646m². The below map shows the location of 2 PENNY HILL CLOSE, 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 PENNY HILL CLOSE). 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 PENNY HILL CLOSE?

2 PENNY HILL CLOSE is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 2 on PENNY HILL CLOSE.