Penny Fields, Spalding
Penny Fields, Spalding
Description & Estimates
According to the public record, Penny Fields, Spalding is a modern freehold house with 1,603 ft2 of internal area and sits on a 660 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for Penny Fields, Spalding is £399,811 and the estimated rental value is £1,519 per month.
Draw Dyke, Sutton St. James, Spalding, PE12 is located in the borough of South Holland within the PE12 postal district.
Our Data Sources
Penny Fields, Spalding has a single entry in the Land Registry from June 2021 and a single entry in the EPC database dated December 2020.
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
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Penny Fields, Spalding is in very good condition we estimate a sale value of £419,802 and a rental value of £1,595 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £371,825 and a rental value of £1,413 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Penny Fields, Spalding has dropped by £21,553 (5.4%), while its estimated rental value has risen by £13 per month (0.9%). Based on current estimates, the property offers a gross rental yield of 4.6%.
Plot Size
According to data from HM Land Registry, Penny Fields, Spalding sits on a plot of 660 m2.
We have plot size data on 7 out of 8 other houses in the postcode and Penny Fields, Spalding sits on the 4th largest plot.
Energy Efficiency
Penny Fields, Spalding has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 16 Dec 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, underfloor, electric.
Sold Prices
According to HM Land Registry, Penny Fields, Spalding was last sold on 23rd June 2021 for £399,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since June 2021, the market for similar properties has dropped by 3.3%.
- Sold Jun 2021£399,950
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Penny Fields, Spalding within a radius of 4.9 kilometres over the last 2 years.
The most recent example is Madrid Bungalow, Draw Dyke, Spalding, PE12 0HW, a freehold house which sold for £370,000 on the 11th February 2021.
Read more about house prices in PE12.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Draw Dyke, Sutton St. James, Spalding, PE12 has a total of 18 addresses. According to our analysis of all the public data, Penny Fields, Spalding is the 7th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £161k more expensive than the average property in PE12.
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Schools Nearby
- 400mSutton St James Community Primary School
- 3.6kmKinderley Primary School
- 4.0kmThe Tydd St Mary Church of England Primary School
- 6.5kmUniversity Academy Long Sutton
- 8.1kmUniversity Academy Holbeach
- 9.3kmMarshland High School
More reading links
Public Transport Nearby
The closest station to Penny Fields, Spalding is Spalding station, which is 16.3 kilometres away.
- 16.3kmSpalding
- 20.7kmMarch
- 22.2kmKings Lynn
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be low.
