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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

7 PENWAY DRIVE is a very small detached house of 80m², built sometime between 1967 and 1975. 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	£213,758	16% below HPI
2010 16 NOV	£122,000	£169,525	28% below HPI
1999 29 JUL	£59,500	£69,435	14% below HPI
1997 3 DEC	£51,500	£61,649	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.

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 in Pinchbeck, based on EPC data. The below chart shows the distribution of detached houses by size in Pinchbeck, and where 7 PENWAY DRIVE lies on this distribution: 18% of detached 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.