22, PENSTOCK DRIVE, OLDBURY, B69 4TE - £170,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

22 PENSTOCK DRIVE is a very small terraced house of 71m², built sometime between 1996 and 2002, which could now be worth an estimated £243,995. It was last sold for £170,000 in October 2020, which was around 27% above the average October 2020 terraced price in the Sandwell local authority area. The most recent EPC inspection was April 2012, where the current energy rating was C, and the potential energy rating was B.

22 PENSTOCK DRIVE Sold Prices

Land registry data shows two sales for 22 PENSTOCK DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Sandwell local authority area for the corresponding sale date. Both of the two 22 PENSTOCK DRIVE 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
2020 2 OCT	£170,000	£133,533	27% above HPI
2007 9 JUL	£137,000	£109,551	25% above HPI

22 PENSTOCK DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Sandwell local authority area over time, sourced from the HPI. The two 22 PENSTOCK DRIVE sales from July 2007 and October 2020 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 July 2007 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the October 2020 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 22 PENSTOCK DRIVE be worth now?

22 PENSTOCK DRIVE might now be worth an estimated £243,995.

This is based on house price inflation of 43.5%, between October 2020 and July 2025, for terraced houses, in the Sandwell local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 43.5% inflationary increase is applied to the most recent sale price for 22 PENSTOCK DRIVE of £170,000 on 2nd October 2020. For the value to have increased from £170,000 to £243,995 over the five years and three months to July 2025, the following assumptions must hold true:

• The value of 22 PENSTOCK DRIVE has moved in line with the HPI for terraced houses in the Sandwell local authority area.
• The October 2020 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 22 PENSTOCK DRIVE has not materially changed since October 2020.

How Large is 22 PENSTOCK DRIVE?

22 PENSTOCK DRIVE is 71m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 20% of terraced houses houses in Oldbury, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Oldbury, and where 22 PENSTOCK DRIVE lies on this distribution: 10% of terraced houses houses are smaller than 22 PENSTOCK DRIVE, and 89% of houses are larger. Note that EPC data is not available for all properties in Oldbury.

22 PENSTOCK DRIVE: Plot and Title Map

22 PENSTOCK DRIVE sits on a plot of roughly 0.044 of an acre, or 178m². The below map shows the location of 22 PENSTOCK DRIVE, 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 22 PENSTOCK DRIVE). 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 22 PENSTOCK DRIVE?

22 PENSTOCK DRIVE is located in OLDBURY, in the B69 postcode district. The below map shows the position of No. 22 on PENSTOCK DRIVE.