According to the public record, 57, Pennygate, Spalding is a period freehold house and with 850 ft2 of internal area and sits on a 195 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Pennygate, Spalding, PE11 is located in the borough of South Holland within the PE11 postal district.
57, Pennygate, Spalding has a single entry in the Land Registry database from December 2023 and a single entry in the EPC database dated December 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 57 Pennygate Spalding as £171,490 and the rental value as £861 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 57 Pennygate Spalding has increased by £1,919 (1.1%) and its rental value has increased by £8 per month (1.0%).
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 57, Pennygate, Spalding is in very good condition we estimate a sale value of £180,064 and rental value of £904 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £159,486 and a rental value of £801 per month.
If you were able to purchase this property for the estimated value of £171,490, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £843 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 57, Pennygate, Spalding sits on a plot of 195m2.
We have plot size data on 33 out of 58 other houses in the postcode and 57, Pennygate, Spalding sits on the 22nd largest plot.
According to HM Land Registry, 57, Pennygate, Spalding was last sold on 21 Dec 2023 for £155,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2023, the market for similar properties has risen 1.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 57, Pennygate, Spalding within a radius of 102m over the last 2 years.
The most recent example is 73, Pennygate, Spalding, PE11 1NN, a Freehold house which sold for £165,000 in Oct 2023.
Read more about house prices in PE11.
Pennygate, Spalding, PE11 has a total of 249 addresses. According to our analysis of all the public data, 57, Pennygate, Spalding is the 170th largest and the 181st most expensive property on the street.
When compared to the postcode district it is £56k less expensive than the average property in PE11.
57, Pennygate, Spalding has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 03 Dec 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 57, Pennygate, Spalding is Spalding station which is 400 m away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 57, Pennygate, Spalding, 37.0% of property is privately rented and 29.2% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 57, Pennygate, Spalding, 18.9% of residents are recorded as possessing school level qualifications and 24.3% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 57, Pennygate, Spalding, the average age was 40.1 and the most common age was 32.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 57, Pennygate, Spalding, 1.3% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 57, Pennygate, Spalding, there are an average of 1.3 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.