5, PENNINE WAY, SPALDING, PE11 2DB - £274,250

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 PENNINE WAY is a very large extended detached house of 148m², built sometime between 1983 and 1990. It was last sold for £274,250 in September 2021, which was around 5% above the average September 2021 detached price in the South Holland local authority area. The most recent EPC inspection was March 2021, where the current energy rating was C, and the potential energy rating was B.

5 PENNINE WAY Sold Prices

Land registry data shows two sales for 5 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 5 PENNINE WAY sales was for above the average price, whilst the other was 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
2021 17 SEP	£274,250	£261,434	5% above HPI
2007 8 MAY	£160,000	£194,793	18% below HPI

5 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 5 PENNINE WAY sales from May 2007 and September 2021 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 May 2007 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2021 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 5 PENNINE WAY be worth now?

5 PENNINE WAY might now be worth an estimated £300,009.

This is based on house price inflation of 9.4%, between September 2021 and December 2024, 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 9.4% inflationary increase is applied to the most recent sale price for 5 PENNINE WAY of £274,250 on 17th September 2021. For the value to have increased from £274,250 to £300,009 over the two years and nine months to December 2024, the following assumptions must hold true:

• The value of 5 PENNINE WAY has moved in line with the HPI for detached houses in the South Holland local authority area.
• The September 2021 sale price of £274,250 represented a fair market value for the property.
• The size, condition, and specification of 5 PENNINE WAY has not materially changed since September 2021.

How Large is 5 PENNINE WAY?

5 PENNINE WAY is 148m², which includes one extension, according to the EPC inspection conducted in March 2021. This puts it in the largest 20% 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 5 PENNINE WAY lies on this distribution: 83% of detached houses houses are smaller than 5 PENNINE WAY, and 17% of houses are larger. Note that EPC data is not available for all properties in Spalding.

5 PENNINE WAY: Plot and Title Map

5 PENNINE WAY sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of 5 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 5 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 5 PENNINE WAY?

5 PENNINE WAY is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 5 on PENNINE WAY.