54, PENNYGATE, SPALDING, PE11 1NN - £210,500

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

54 PENNYGATE is a very small detached house of 61m², built sometime between 1967 and 1975. It was last sold for £210,500 in February 2023, which was around 29% below the average February 2023 detached price in the South Holland local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was B.

54 PENNYGATE Sold Prices

Land registry data shows four sales for 54 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. All of the four 54 PENNYGATE 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
2023 3 FEB	£210,500	£296,925	29% below HPI
2001 29 JUN	£79,950	£94,728	16% below HPI
2001 9 MAR	£57,000	£90,729	37% below HPI
1999 22 NOV	£52,000	£72,367	28% below HPI

54 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 54 PENNYGATE sales between November 1999 and February 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 2001 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the February 2023 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 54 PENNYGATE?

54 PENNYGATE is 61m² according to the EPC inspection conducted in August 2013. This puts it in the smallest 10% of detached houses in Spalding, based on EPC data. The below chart shows the distribution of detached houses by size in Spalding, and where 54 PENNYGATE lies on this distribution: 3% of detached houses are smaller than 54 PENNYGATE, and 97% of houses are larger. Note that EPC data is not available for all properties in Spalding.

54 PENNYGATE: Plot and Title Map

54 PENNYGATE sits on a plot of roughly 0.126 of an acre, or 510m². The below map shows the location of 54 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 54 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 54 PENNYGATE?

54 PENNYGATE is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 54 on PENNYGATE.