5, PENWAY DRIVE, PINCHBECK, SPALDING, PE11 3PJ - £287,500

5 PENWAY DRIVE is a midsized detached house of 105m², built sometime between 1967 and 1975. It was last sold for £287,500 in January 2023, which was around 5% below the average January 2023 detached price in the South Holland local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was C.

5 PENWAY DRIVE Sold Prices

Land registry data shows two sales for 5 PENWAY DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. Both of the two 5 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
2023 12 JAN	£287,500	£302,527	5% below HPI
2011 1 DEC	£148,000	£167,578	12% below HPI

5 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 two 5 PENWAY DRIVE sales from December 2011 and January 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 December 2011 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the January 2023 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 5 PENWAY DRIVE?

5 PENWAY DRIVE is 105m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 50% of detached houses in Pinchbeck, based on EPC data. The below chart shows the distribution of detached houses by size in Pinchbeck, and where 5 PENWAY DRIVE lies on this distribution: 46% of detached houses are smaller than 5 PENWAY DRIVE, and 53% of houses are larger. Note that EPC data is not available for all properties in Pinchbeck.

5 PENWAY DRIVE: Plot and Title Map

5 PENWAY DRIVE sits on a plot of roughly 0.126 of an acre, or 510m². The below map shows the location of 5 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 5 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 5 PENWAY DRIVE?

5 PENWAY DRIVE is located in PINCHBECK, in the PE11 postcode district. The below map shows the position of No. 5 on PENWAY DRIVE.