PENHALE, MARRIOTS GATE, LUTTON, SPALDING, PE12 9HN - £265,000

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.

PENHALE is a large detached house of 138m², built sometime between 1967 and 1975, which could now be worth an estimated £349,162. It was last sold for £265,000 in May 2016, which was around 26% above the average May 2016 detached price in the South Holland local authority area. The most recent EPC inspection was September 2009, where the current energy rating was D, and the potential energy rating was C.

PENHALE Sold Prices

Land registry data shows four sales for PENHALE 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 PENHALE 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
2016 20 MAY	£265,000	£211,126	26% above HPI
2014 21 MAR	£238,500	£175,119	36% above HPI
2010 21 JAN	£219,000	£174,877	25% above HPI
1999 30 APR	£84,000	£69,536	21% above HPI

PENHALE 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 PENHALE sales between April 1999 and May 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 March 2014 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the May 2016 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might PENHALE be worth now?

PENHALE might now be worth an estimated £349,162.

This is based on house price inflation of 31.8%, between May 2016 and February 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 31.8% inflationary increase is applied to the most recent sale price for PENHALE of £265,000 on 20th May 2016. For the value to have increased from £265,000 to £349,162 over the nine years and three months to February 2025, the following assumptions must hold true:

• The value of PENHALE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The May 2016 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of PENHALE has not materially changed since May 2016.

How Large is PENHALE?

PENHALE is 138m² according to the EPC inspection conducted in September 2009. This puts it in the largest 30% of detached houses houses in Lutton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lutton, and where PENHALE lies on this distribution: 79% of detached houses houses are smaller than PENHALE, and 21% of houses are larger. Note that EPC data is not available for all properties in Lutton.

PENHALE: Plot and Title Map

PENHALE sits on a plot of roughly 0.659 of an acre, or 2,667m². The below map shows the location of PENHALE, 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 PENHALE). 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 PENHALE?

PENHALE is located on MARRIOTS GATE in LUTTON, in the PE12 postcode district. The below map shows the position of PENHALE on MARRIOTS GATE.