4, PENNYGATE GARDENS, SPALDING, PE11 1XJ - £420,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

4 PENNYGATE GARDENS is a midsized detached house of 108m², built sometime between 1996 and 2002, which could now be worth an estimated £406,173. It was last sold for £420,000 in September 2023, which was around 46% above the average September 2023 detached price in the South Holland local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was B.

4 PENNYGATE GARDENS Sold Prices

Land registry data shows four sales for 4 PENNYGATE GARDENS 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. All of the four 4 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
2023 8 SEP	£420,000	£287,648	46% above HPI
2018 8 JUN	£235,000	£228,032	3% above HPI
2007 15 NOV	£240,000	£197,139	22% above HPI
1998 22 DEC	£112,500	£64,763	74% above HPI

4 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 four 4 PENNYGATE GARDENS sales between December 1998 and September 2023 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 2018 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the September 2023 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

What might 4 PENNYGATE GARDENS be worth now?

4 PENNYGATE GARDENS might now be worth an estimated £406,173.

This is based on house price deflation of 3.3%, between September 2023 and February 2025, for detached houses, in the South Holland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.3% deflationary decrease is applied to the most recent sale price for 4 PENNYGATE GARDENS of £420,000 on 8th September 2023. For the value to have decreased from £420,000 to £406,173 over the two years and seven months to February 2025, the following assumptions must hold true:

• The value of 4 PENNYGATE GARDENS has moved in line with the HPI for detached houses in the South Holland local authority area.
• The September 2023 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 4 PENNYGATE GARDENS has not materially changed since September 2023.

How Large is 4 PENNYGATE GARDENS?

4 PENNYGATE GARDENS is 108m² according to the EPC inspection conducted in February 2018. This puts it in the smallest 50% of detached houses houses in Spalding, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spalding, and where 4 PENNYGATE GARDENS lies on this distribution: 47% of detached houses houses are smaller than 4 PENNYGATE GARDENS, and 52% of houses are larger. Note that EPC data is not available for all properties in Spalding.

4 PENNYGATE GARDENS: Plot and Title Map

4 PENNYGATE GARDENS sits on a plot of roughly 0.236 of an acre, or 955m². The below map shows the location of 4 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 4 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 4 PENNYGATE GARDENS?

4 PENNYGATE GARDENS is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 4 on PENNYGATE GARDENS.