5, PENWAY DRIVE, PINCHBECK, SPALDING, PE11 3PJ - £275,000

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 PENWAY DRIVE is a midsized detached house of 105m², built sometime between 1967 and 1975, which could now be worth an estimated £275,426. It was last sold for £275,000 in October 2024, which was around 4% below the average October 2024 detached price in the South Holland local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was C.

5 PENWAY DRIVE Sold Prices

Land registry data shows three sales for 5 PENWAY DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. All of the three 5 PENWAY DRIVE 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
2024 8 OCT	£275,000	£285,547	4% below HPI
2023 12 JAN	£287,500	£296,400	3% below HPI
2011 1 DEC	£148,000	£166,757	11% below HPI

5 PENWAY DRIVE 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 three 5 PENWAY DRIVE sales between December 2011 and October 2024 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 January 2023 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the October 2024 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 5 PENWAY DRIVE be worth now?

5 PENWAY DRIVE might now be worth an estimated £275,426.

This is based on house price inflation of 0.2%, between October 2024 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 0.2% inflationary increase is applied to the most recent sale price for 5 PENWAY DRIVE of £275,000 on 8th October 2024. For the value to have increased from £275,000 to £275,426 over the ten months to December 2024, the following assumptions must hold true:

• The value of 5 PENWAY DRIVE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The October 2024 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PENWAY DRIVE has not materially changed since October 2024.

How Large is 5 PENWAY DRIVE?

5 PENWAY DRIVE is 105m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 50% of detached houses houses in Pinchbeck, based on EPC data. The below chart shows the distribution of detached houses houses by size in Pinchbeck, and where 5 PENWAY DRIVE lies on this distribution: 46% of detached houses houses are smaller than 5 PENWAY DRIVE, and 54% of houses are larger. Note that EPC data is not available for all properties in Pinchbeck.

5 PENWAY DRIVE: Plot and Title Map

5 PENWAY DRIVE sits on a plot of roughly 0.126 of an acre, or 510m². The below map shows the location of 5 PENWAY DRIVE, 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 PENWAY DRIVE). 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 PENWAY DRIVE?

5 PENWAY DRIVE is located in PINCHBECK, in the PE11 postcode district. The below map shows the position of No. 5 on PENWAY DRIVE.