29, PENNYFORD CLOSE, REDDITCH, B97 6TW - £320,500

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.

29 PENNYFORD CLOSE is a large detached house of 119m², built sometime between 1996 and 2002, which could now be worth an estimated £368,175. It was last sold for £320,500 in July 2020, which was around 3% below the average July 2020 detached price in the Redditch local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was C.

29 PENNYFORD CLOSE Sold Prices

Land registry data shows three sales for 29 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. One of the three 29 PENNYFORD CLOSE sales was for below the average price, whilst two 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 JUL	£320,500	£331,462	3% below HPI
2001 14 DEC	£149,500	£139,055	8% above HPI
2000 17 NOV	£137,500	£124,903	10% above HPI

29 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 29 PENNYFORD CLOSE sales between November 2000 and July 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 December 2001 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the July 2020 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 29 PENNYFORD CLOSE be worth now?

29 PENNYFORD CLOSE might now be worth an estimated £368,175.

This is based on house price inflation of 14.9%, between July 2020 and February 2025, 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 14.9% inflationary increase is applied to the most recent sale price for 29 PENNYFORD CLOSE of £320,500 on 2nd July 2020. For the value to have increased from £320,500 to £368,175 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 29 PENNYFORD CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The July 2020 sale price of £320,500 represented a fair market value for the property.
• The size, condition, and specification of 29 PENNYFORD CLOSE has not materially changed since July 2020.

How Large is 29 PENNYFORD CLOSE?

29 PENNYFORD CLOSE is 119m² according to the EPC inspection conducted in February 2020. This puts it in the largest 40% 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 29 PENNYFORD CLOSE lies on this distribution: 60% of detached houses houses are smaller than 29 PENNYFORD CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Redditch.

29 PENNYFORD CLOSE: Plot and Title Map

29 PENNYFORD CLOSE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 29 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 29 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 29 PENNYFORD CLOSE?

29 PENNYFORD CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 29 on PENNYFORD CLOSE.