23, PENNYFORD CLOSE, REDDITCH, B97 6TW - £215,000

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

23 PENNYFORD CLOSE is a large detached house of 128m², built sometime between 1996 and 2002, which could now be worth an estimated £391,828. It was last sold for £215,000 in August 2009, which was around 1% above the average August 2009 detached price in the Redditch local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was C.

23 PENNYFORD CLOSE Sold Prices

Land registry data shows three sales for 23 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. The three 23 PENNYFORD CLOSE sales were a mix of above the average price, and roughly equal to 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
2009 21 AUG	£215,000	£212,247	1% above HPI
2006 6 OCT	£236,000	£236,651	Close to HPI
2000 25 AUG	£136,995	£121,537	13% above HPI

23 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 23 PENNYFORD CLOSE sales between August 2000 and August 2009 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 October 2006 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the August 2009 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 23 PENNYFORD CLOSE be worth now?

23 PENNYFORD CLOSE might now be worth an estimated £391,828.

This is based on house price inflation of 82.2%, between August 2009 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 82.2% inflationary increase is applied to the most recent sale price for 23 PENNYFORD CLOSE of £215,000 on 21st August 2009. For the value to have increased from £215,000 to £391,828 over the fourteen years and eight months to December 2024, the following assumptions must hold true:

• The value of 23 PENNYFORD CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The August 2009 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 23 PENNYFORD CLOSE has not materially changed since August 2009.

How Large is 23 PENNYFORD CLOSE?

23 PENNYFORD CLOSE is 128m² according to the EPC inspection conducted in October 2008. This puts it in the largest 30% 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 23 PENNYFORD CLOSE lies on this distribution: 71% of detached houses houses are smaller than 23 PENNYFORD CLOSE, and 29% of houses are larger. Note that EPC data is not available for all properties in Redditch.

23 PENNYFORD CLOSE: Plot and Title Map

23 PENNYFORD CLOSE sits on a plot of roughly 0.082 of an acre, or 332m². The below map shows the location of 23 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 23 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 23 PENNYFORD CLOSE?

23 PENNYFORD CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 23 on PENNYFORD CLOSE.