4, Pennygate Gardens
4, Pennygate Gardens
Description & Estimates
4, Pennygate Gardens, Spalding is recorded publicly as a modern freehold house across 1,162 ft2 of internal area, sitting on a 956 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 4, Pennygate Gardens, Spalding is £338,698 and its rental estimate is £1,282 per month, given the available information and assuming reasonable condition.
Pennygate Gardens, Spalding, PE11 falls within the PE11 postal district, in the borough of South Holland.
Our Data Sources
4, Pennygate Gardens, Spalding has 41 entries in the Land Registry , most recently in September 2023 and a single entry in the EPC database dated February 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 4, Pennygate Gardens, Spalding, we estimate a market value of £355,633 and a rental value of £1,346 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £314,990 and £1,192 per month respectively.
Recent Market Change
Over the last year, 4, Pennygate Gardens, Spalding has seen its estimated sale value decline by £12,268 (3.6%) and its estimated rental value climb by £39 per month (3.0%). This results in an estimated gross rental yield of 4.5%.
Plot Size
HM Land Registry records the plot of land for 4, Pennygate Gardens, Spalding as measuring 956 m2.
That makes it the 2nd largest plot in the postcode, where all 5 other houses have recorded plot data.
Energy Efficiency
4, Pennygate Gardens, Spalding has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 27 Feb 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 4, Pennygate Gardens, Spalding completed on 8th September 2023 at £420,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 4 times.
Values of comparable properties have risen by 2.8% over the period since September 2023.
- Sold Sep 2023£420,000
- Sold Jun 2018£235,000
- Sold Nov 2007£240,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 4, Pennygate Gardens, Spalding have sold within a radius of 530 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 19th October 2017, was 31, Tollgate, Spalding, PE11 1NJ, a freehold house which sold for £245,000.
Read more about house prices in PE11.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 5 addresses on Pennygate Gardens, Spalding, PE11, 4, Pennygate Gardens, Spalding comes out as the 5th largest and the 4th most expensive in our analysis of the public data.
It is also £118k more expensive than the average property across the PE11 district.
More reading links
Schools Nearby
- 100mSt Norbert's Catholic Voluntary Academy
- 600mWygate Park Academy
- 600mSpalding Primary Academy
- 700mSpalding Grammar School
- 1.3kmSpalding High School
- 1.5kmSpalding Academy
More reading links
Public Transport Nearby
From 4, Pennygate Gardens, Spalding, the nearest station is Spalding, 200 metres away.
- 200mSpalding
- 20.2kmSwineshead
- 21.0kmHubberts Bridge
Risk of Flooding
The flood risk here is rated medium, based on Environment Agency data.
