34, PENNYGATE, SPALDING, PE11 1NN - £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

34 PENNYGATE is a large extended detached house of 138m², built sometime between 1930 and 1949. It was last sold for £240,000 in January 2019, which was around 2% above the average January 2019 detached price in the South Holland local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was C.

34 PENNYGATE Sold Prices

Land registry data shows four sales for 34 PENNYGATE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. One of the four 34 PENNYGATE sales was for above the average price, whilst two 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
2019 11 JAN	£240,000	£236,100	2% above HPI
2004 19 FEB	£147,500	£152,206	3% below HPI
1999 30 JUL	£68,000	£69,435	2% below HPI
1997 3 OCT	£59,200	£59,132	Close to HPI

34 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 four 34 PENNYGATE sales between October 1997 and January 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 February 2004 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the January 2019 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 34 PENNYGATE?

34 PENNYGATE is 138m², which includes two extensions, according to the EPC inspection conducted in June 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 34 PENNYGATE lies on this distribution: 76% of detached houses are smaller than 34 PENNYGATE, and 23% of houses are larger. Note that EPC data is not available for all properties in Spalding.

34 PENNYGATE: Plot and Title Map

34 PENNYGATE sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 34 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 34 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 34 PENNYGATE?

34 PENNYGATE is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 34 on PENNYGATE.