2, PENNYGATE GARDENS, SPALDING, PE11 1XJ - £380,000

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 PENNYGATE GARDENS is a large detached house of 129m², built sometime between 1996 and 2002. It was last sold for £380,000 in November 2022, which was around 27% above the average November 2022 detached price in the South Holland local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was C.

2 PENNYGATE GARDENS Sold Prices

Land registry data shows three sales for 2 PENNYGATE GARDENS 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 PENNYGATE GARDENS 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
2022 25 NOV	£380,000	£299,809	27% above HPI
2021 21 JUN	£325,000	£255,436	27% above HPI
1998 6 MAY	£110,000	£63,133	74% above HPI

2 PENNYGATE GARDENS 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 PENNYGATE GARDENS sales between May 1998 and November 2022 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 2021 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the November 2022 sale, which was also at 27% above the HPI.

How Large is 2 PENNYGATE GARDENS?

2 PENNYGATE GARDENS is 129m² according to the EPC inspection conducted in August 2019. This puts it in the largest 30% 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 PENNYGATE GARDENS lies on this distribution: 70% of detached houses are smaller than 2 PENNYGATE GARDENS, and 30% of houses are larger. Note that EPC data is not available for all properties in Spalding.

2 PENNYGATE GARDENS: Plot and Title Map

2 PENNYGATE GARDENS sits on a plot of roughly 0.202 of an acre, or 817m². The below map shows the location of 2 PENNYGATE GARDENS, 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 PENNYGATE GARDENS). 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 PENNYGATE GARDENS?

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