8, PENNINE WAY, SPALDING, PE11 2DB - £249,950

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

8 PENNINE WAY is a very large extended detached house of 225m², built sometime between 1976 and 1982. It was last sold for £249,950 in November 2014, which was around 36% above the average November 2014 detached price in the South Holland local authority area. The most recent EPC inspection was March 2024, where the current energy rating was C, and the potential energy rating was B.

8 PENNINE WAY Sold Prices

Land registry data shows four sales for 8 PENNINE WAY 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 8 PENNINE WAY sales were for above 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
2014 21 NOV	£249,950	£183,739	36% above HPI
2002 5 JUN	£130,000	£109,273	19% above HPI
2001 20 AUG	£110,000	£97,348	13% above HPI
1998 2 MAR	£85,000	£58,632	45% above HPI

8 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 four 8 PENNINE WAY sales between March 1998 and November 2014 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 2002 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the November 2014 sale, where it rises to 36% above the HPI. The line then continues to track at 36% above the HPI.

How Large is 8 PENNINE WAY?

8 PENNINE WAY is 225m², which includes two extensions, according to the EPC inspection conducted in March 2024. This puts it in the largest 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 8 PENNINE WAY lies on this distribution: 98% of detached houses are smaller than 8 PENNINE WAY, and 2% of houses are larger. Note that EPC data is not available for all properties in Spalding.

8 PENNINE WAY: Plot and Title Map

8 PENNINE WAY sits on a plot of roughly 0.143 of an acre, or 579m². The below map shows the location of 8 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 8 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 8 PENNINE WAY?

8 PENNINE WAY is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 8 on PENNINE WAY.