7, PENWAY DRIVE, PINCHBECK, SPALDING, PE11 3PJ - £179,000

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.

7 PENWAY DRIVE is a very small detached house of 80m², built sometime between 1967 and 1975, which could now be worth an estimated £232,473. It was last sold for £179,000 in December 2016, which was around 16% below the average December 2016 detached price in the South Holland local authority area. The most recent EPC inspection was September 2010, where the current energy rating was E, and the potential energy rating was C.

7 PENWAY DRIVE Sold Prices

Land registry data shows four sales for 7 PENWAY DRIVE 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 7 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
2016 20 DEC	£179,000	£212,710	16% below HPI
2010 16 NOV	£122,000	£168,695	28% below HPI
1999 29 JUL	£59,500	£69,095	14% below HPI
1997 3 DEC	£51,500	£61,347	16% below HPI

7 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 four 7 PENWAY DRIVE sales between December 1997 and December 2016 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 November 2010 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the December 2016 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 7 PENWAY DRIVE be worth now?

7 PENWAY DRIVE might now be worth an estimated £232,473.

This is based on house price inflation of 29.9%, between December 2016 and March 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 29.9% inflationary increase is applied to the most recent sale price for 7 PENWAY DRIVE of £179,000 on 20th December 2016. For the value to have increased from £179,000 to £232,473 over the nine years and nine months to March 2025, the following assumptions must hold true:

• The value of 7 PENWAY DRIVE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The December 2016 sale price of £179,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PENWAY DRIVE has not materially changed since December 2016.

How Large is 7 PENWAY DRIVE?

7 PENWAY DRIVE is 80m² according to the EPC inspection conducted in September 2010. This puts it in the smallest 20% 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 7 PENWAY DRIVE lies on this distribution: 18% of detached houses houses are smaller than 7 PENWAY DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Pinchbeck.

7 PENWAY DRIVE: Plot and Title Map

7 PENWAY DRIVE sits on a plot of roughly 0.082 of an acre, or 331m². The below map shows the location of 7 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 7 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 7 PENWAY DRIVE?

7 PENWAY DRIVE is located in PINCHBECK, in the PE11 postcode district. The below map shows the position of No. 7 on PENWAY DRIVE.