1, PENNYFORD CLOSE, REDDITCH, B97 6TW - £295,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 PENNYFORD CLOSE is a very large detached house of 143m², built sometime between 1996 and 2002, which could now be worth an estimated £461,908. It was last sold for £295,000 in September 2014, which was around 19% above the average September 2014 detached price in the Redditch local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

1 PENNYFORD CLOSE Sold Prices

Land registry data shows three sales for 1 PENNYFORD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. All of the three 1 PENNYFORD CLOSE sales were for above 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
2014 16 SEP	£295,000	£247,039	19% above HPI
2006 18 MAY	£280,000	£227,809	23% above HPI
2000 17 MAR	£177,500	£109,370	62% above HPI

1 PENNYFORD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Redditch local authority area over time, sourced from the HPI. The three 1 PENNYFORD CLOSE sales between March 2000 and September 2014 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 May 2006 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the September 2014 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 1 PENNYFORD CLOSE be worth now?

1 PENNYFORD CLOSE might now be worth an estimated £461,908.

This is based on house price inflation of 56.6%, between September 2014 and December 2024, for detached houses, in the Redditch local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 56.6% inflationary increase is applied to the most recent sale price for 1 PENNYFORD CLOSE of £295,000 on 16th September 2014. For the value to have increased from £295,000 to £461,908 over the nine years and nine months to December 2024, the following assumptions must hold true:

• The value of 1 PENNYFORD CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The September 2014 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PENNYFORD CLOSE has not materially changed since September 2014.

How Large is 1 PENNYFORD CLOSE?

1 PENNYFORD CLOSE is 143m² according to the EPC inspection conducted in May 2014. This puts it in the largest 20% of detached houses houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redditch, and where 1 PENNYFORD CLOSE lies on this distribution: 83% of detached houses houses are smaller than 1 PENNYFORD CLOSE, and 16% of houses are larger. Note that EPC data is not available for all properties in Redditch.

1 PENNYFORD CLOSE: Plot and Title Map

1 PENNYFORD CLOSE sits on a plot of roughly 0.149 of an acre, or 603m². The below map shows the location of 1 PENNYFORD CLOSE, 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 1 PENNYFORD CLOSE). 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 1 PENNYFORD CLOSE?

1 PENNYFORD CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 1 on PENNYFORD CLOSE.