3, PENNINE WAY, SPALDING, PE11 2DB - £146,000

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

3 PENNINE WAY is a small extended detached house of 99m², built sometime between 1967 and 1975. It was last sold for £146,000 in May 2012, which was around 11% below the average May 2012 detached price in the South Holland local authority area. The most recent EPC inspection was October 2011, where the current energy rating was E, and the potential energy rating was D.

3 PENNINE WAY Sold Prices

Land registry data shows two sales for 3 PENNINE WAY 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. One of the two 3 PENNINE WAY sales was for below the average price, whilst the other was roughly equal to 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
2012 4 MAY	£146,000	£163,922	11% below HPI
1995 31 MAR	£51,500	£51,313	Close to HPI

3 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 two 3 PENNINE WAY sales from March 1995 and May 2012 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 March 1995 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the May 2012 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 3 PENNINE WAY?

3 PENNINE WAY is 99m², which includes one extension, according to the EPC inspection conducted in October 2011. This puts it in the smallest 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 3 PENNINE WAY lies on this distribution: 37% of detached houses are smaller than 3 PENNINE WAY, and 63% of houses are larger. Note that EPC data is not available for all properties in Spalding.

3 PENNINE WAY: Plot and Title Map

3 PENNINE WAY sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 3 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 3 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 3 PENNINE WAY?

3 PENNINE WAY is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 3 on PENNINE WAY.