Sold STC House

129 PENNYGATE

SPALDING, LINCOLNSHIRE PE11 1NW

3 beds 1 baths 108 m² Listed 27 Sep 2025 (-298d)

£275,000

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Property details

Tenure

FREEHOLD

Floor area

108 m²

Council tax band

B

EPC rating

D

Last sold

£275,000 Mar 2026

Price per m²

£2,546/m²

Local average

£425,000 (-35.3%)

Deprivation

Decile 4 (12,403 of 33,755)

Street crime

0 incidents within 1 mile (May 2026)

Key features

  • SOLD BY BRADLEY JAMES ESTATE AGENTS
  • ANOTHER SOLD BY BRADLEY JAMES ESTATE AGENTS
  • MODERN WINDOWS AND DOORS
  • CHARACTER FEATURES
  • CLOAKROOM/UTILTY ROOM
  • BATHROOM WITH MULTI JET BATH
  • GENEROUS PLOT
  • WALKING DISTANCE TO SHOPS AND PRIMARY SCHOOL
  • 10-15 MINUTE WALK TO TRAIN STATION

Additional details

Electricity
Mains supply
Water
Mains supply
Heating
Gas central
Parking
Yes
Garden
Yes
Listed property
No
Restrictions
No
Required access
No
Rights of way
No
Flooded in last 5 years
No

Description

SOLD BY BRADLEY JAMES ESTATE AGENTS

Nestled in the charming area of Pennygate, Spalding, this delightful older-style character family home is now available for sale through Bradley James. The property boasts a stunning open-plan kitchen diner snug at the rear, which is bathed in natural light thanks to its triple aspect design and features elegant French doors that lead out to the inviting rear garden.

Upon entering, you are greeted by a beautiful entrance hall that showcases original features, setting the tone for the rest of the home. The cloakroom and utility room provide practical convenience, while the lounge, complete with a multi-fuel burner and a bay window, offers a cosy retreat for relaxation.

The first floor comprises three well-proportioned bedrooms, two of which are generous doubles, ensuring ample space for family living. The upstairs bathroom is a true sanctuary, featuring a multi-jet bath perfect for unwinding after a long day.

Throughout the property, you will find quality fittings, including modern windows and doors, as well as high-end radiators that enhance the character of the home.

Outside, the property is set on an enviable plot with plenty of off-road parking. The rear garden is a delightful space, featuring an extended patio seating area, a trampoline area, and a well-maintained lawn that leads to a shed equipped with a log burner, perfect for those chilly evenings.

Conveniently located within walking distance to local amenities, including a shop, butcher, and primary school, this home is also just a ten-minute stroll from the town centre, where you will find a variety of restaurants, shops, and a train station. Additionally, the Springfields Garden Outlet Centre is a mere ten-minute drive away, and the property benefits from excellent road links to Peterborough, Stamford, Norfolk, and Lincoln. This charming home is a perfect blend of character and modern living, making it an ideal choice for families.

Entrance Hall - UPVC double glazed patio door into the entrance porch which has an original stained glass window and original door. Going through the original door into the entrance hall which has a decorative staircase leading into the first floor, defective coving, picture rail, decorative high spec radiators, power points, feature panelled walls and under stairs storage cupboard.

Utility/Cloakroom - UPVC obscured double glazed window to the side, WC, pedestal wash hand basin with taps over, space and point for tumble dryer, space and plumbing for washing machine, airing cupboard with a Viessman gas boiler, tiled floor and extractor fan.

Lounge - 5.21m x 3.66m (17'1 x 12'0) - Double aspect with UPVC double glazed bay window to the front, UPVC double glazed window to the side, multi fuel burner, high-end radiators, decorative coving, picture rail, TV point and telephone point.

Kitchen Diner/Snug - 7.80m x 3.81m (25'7 x 12'6) - Triple aspect with UPVC double glazed windows to both sides, UPVC windows to the rear, UPVC double glazed doors to the rear, solid wood base and eye level units, Belfast sink with mixer taps over, double range with double oven and separate grill with a five burner gas hob and range master extractor over, integrated dishwasher, tiled splashback, high-end radiators, power points, space and point for American fridge freezer, skimmed and coved ceiling with inset spotlights and TV point.

Bedroom 1 - 4.27m x 3.71m (14'0 x 12'2) - UPVC double glazed window to the front, decorative fireplace, radiator, power points, TV point, decorative coving and picture rail.

Bedroom 2 - 3.78m x 3.48m (12'5 x 11'5) - UPVC double glazed window to the rear, radiator, power points, skimmed and coved ceiling and picture rail.

Bedroom 3 - 2.74m x 2.57m (9'0 x 8'5) - UPVC double glazed window to the rear, radiator, power points, picture rail, skimmed and coved ceiling and loft hatch.

Bathroom - UPVC obscured double glazed window to front, multi jet spa bath, side mounted telephone style mixer taps over, built in mixer shower, heritage pedestal wash hand basin with taps over, WC, vintage style heated towel rail, skimmed ceiling and extractor fan.

Outside - To the front, there's decorative iron wrought railing fencing with gravel off-road parking to the front and side for numerous vehicles and electric charging point, there is also a patio path to the front door. There is side gated access to the rear garden which is enclosed by panel fencing, has upgraded extended patio spanning across the rear of the property, outside light, outside tap, trampoline area sectioned off by picket fencing and the rest is laid to lawn. There is a garden shed which measures 16'0 x 8'0, split into two, the first part with the double wooden doors to the side and a wooden single glazed window to the front, has power and lighting connected with an internal door leading through to the second part of the shed which has a log burner, the outside of the shed has outside power points.

Listed by

Spalding

Bradley James Estate Agents Limited

Reference: 167519180

EPC Rating & Upgrade Cost

Current rating: D

Potential rating: C

Inspection date: 03/10/2025

Expiry date: 02/10/2035

Current heating cost: £1,683/year

Potential heating cost: £954/year

Est. upgrade cost to C: £25,750

Recommendations

  • 50 mm internal or external wall insulation (£7,500 - £11,000)
  • Floor insulation (suspended floor) (£5,000 - £10,000)
  • Solar photovoltaic panels, 2.5 kWp (£8,000 - £10,000)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

129 Pennygate.jpg

129 Pennygate.jpg

EPC Graphs

EE Rating

EE Rating

FENSA Certificates

This property has 2 FENSA certificate(s) on record, indicating window/door installations by FENSA-approved installers.

FENSA Certificate #8506031

Property Details

Street: 129 Pennygate

Town: SPALDING

Postcode: PE11 1NW

Installation Details

Items: 1 door

Certificate Issued: 14/11/2011

Work Completed: 12/09/2011

This certificate data was retrieved from FENSA's database

FENSA Certificate #11318899

Property Details

Street: 129 Pennygate

Town: SPALDING

Postcode: PE11 1NW

Installation Details

Items: 14 windows and 1 door

Certificate Issued: 07/12/2015

Work Completed: 07/10/2015

This certificate data was retrieved from FENSA's database

What is FENSA? FENSA (Fenestration Self-Assessment Scheme) is a government-authorised scheme that monitors building regulation compliance for replacement windows and doors. Certificates indicate that work was completed by FENSA-approved installers.

Price history

86% since 2012

Event Date Price % change
Sold 05/03/2026 (4 months ago) £275,000 +5.8%
Sold 27/09/2021 (4 years ago) £260,000 +76.3%
Sold 20/07/2012 (14 years ago) £147,500

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
Same street 110 PENNYGATE, SPALDING, SOUTH HOLLAND, LINCOLNSHIRE, PE11 1NW £120,000 01/08/2025 Semi-detached
50A PARK ROAD, SPALDING, SOUTH HOLLAND, LINCOLNSHIRE, PE11 1NH £150,000 18/07/2025 Other
Same street 153 PENNYGATE, SPALDING, SOUTH HOLLAND, LINCOLNSHIRE, PE11 1NW £180,000 03/11/2022 Semi-detached
27 GARAGE ASSOCIATED WITH MINSMERE CLOSE, SPALDING, SOUTH HOLLAND, LINCOLNSHIRE, PE11 3PD £218,000 11/02/2022 Other
Same street 145 PENNYGATE, SPALDING, SOUTH HOLLAND, LINCOLNSHIRE, PE11 1NW £270,000 10/09/2021 Semi-detached
Same street 82 PENNYGATE, SPALDING, SOUTH HOLLAND, LINCOLNSHIRE, PE11 1NW £263,000 03/09/2021 Detached

Street average: £208,250 (4 sales)

Area average: £184,000 (2 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 68.8%
10y growth 283.2%

House Price Index (HM Land Registry — official index, not sold-price averages): South Holland. Series: All dwelling types. As of April 2026.

1y (index) 3.9%
5y (index) 11.9%
10y (index) 34.5%

Rental Range

Estimated market rent for South Holland. Low = conservative, Realistic = average, Optimistic = best case.

Low £686/mo
Realistic £762/mo
Optimistic £838/mo

Based on Local Authority from postcode lookup → South Holland.

LHA (30th percentile) floor for Lincolnshire Fens: £733/mo (Apr 2025 – Mar 2026)

Location

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Bus stop 28 Wygate Road 0.1 miles
Shop Penny Gate Supermarket 0.2 miles
Shop Gibbons 0.2 miles
Train station Spalding 0.3 miles
University Boston College Spalding 0.5 miles
Hospital Johnson Community Hospital 1.1 miles
Train station Unknown 1.8 miles
University University of Lincoln - Holbeach Campus 7.3 miles

Street-level crime

Category Count
Total incidents 0

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
St Norbert's Catholic Voluntary Academy Primary 0.1 miles Outstanding — 10 Sep 2015
Wygate Park Academy Primary 0.2 miles Good — 21 Jul 2017
Spalding Primary Academy Primary 0.4 miles Good — 19 Mar 2024
Monkshouse Primary Academy Primary 0.5 miles Good — 22 Nov 2013
The Spalding St John the Baptist Church of England Primary School Primary 0.5 miles Good — 11 Jan 2013

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
3 Bed Terraced House, Havelock St, PE11 £975/mo 3 0.35 miles OpenRent
3 Bed Terraced House, Havelock St, PE11 £975/mo 3 0.35 miles OpenRent
3 Bed Semi-Detached House, Havelock St, PE11 £375/mo 3 0.36 miles OpenRent
3 Bed Detached House, Tyne Close, PE11 £1,300/mo 3 0.39 miles OpenRent
3 Bed Semi-Detached House, Hannam Boulevard, PE11 £895/mo 3 0.43 miles OpenRent

Average rent: £904/mo (5 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.35%
Max investor price (0.8%) £121,875
Target investor price (1%) £97,500
Gross yield 4.3%
Cost-to-rent ratio 23.5×
Monthly cashflow £-230/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI -3.5%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).