231, PENNYGATE, SPALDING, PE11 1LX - £184,000

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

231 PENNYGATE is a large extended detached house of 132m², built sometime between 1900 and 1929. It was last sold for £184,000 in November 2017, which was around 19% below the average November 2017 detached price in the South Holland local authority area. The most recent EPC inspection was January 2017, where the current energy rating was E, and the potential energy rating was C.

231 PENNYGATE Sold Prices

Land registry data shows two sales for 231 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 231 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
2017 10 NOV	£184,000	£227,415	19% below HPI
2000 6 JUN	£69,000	£82,405	16% below HPI

231 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 231 PENNYGATE sales from June 2000 and November 2017 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 2000 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the November 2017 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 231 PENNYGATE?

231 PENNYGATE is 132m², which includes four extensions, according to the EPC inspection conducted in January 2017. 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 231 PENNYGATE lies on this distribution: 72% of detached houses are smaller than 231 PENNYGATE, and 27% of houses are larger. Note that EPC data is not available for all properties in Spalding.

231 PENNYGATE: Plot and Title Map

231 PENNYGATE sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 231 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 231 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 231 PENNYGATE?

231 PENNYGATE is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 231 on PENNYGATE.