37, PENNYFORD CLOSE, REDDITCH, B97 6TW - £250,000

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.

37 PENNYFORD CLOSE is a midsized extended detached house of 116m², built sometime between 1996 and 2002, which could now be worth an estimated £400,881. It was last sold for £250,000 in October 2013, which was around 5% above the average October 2013 detached price in the Redditch local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was C.

37 PENNYFORD CLOSE Sold Prices

Land registry data shows four sales for 37 PENNYFORD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. All of the four 37 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
2013 18 OCT	£250,000	£237,457	5% above HPI
2006 18 DEC	£237,000	£234,957	1% above HPI
2003 11 APR	£211,500	£187,873	13% above HPI
2001 30 MAR	£148,500	£127,130	17% above HPI

37 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 four 37 PENNYFORD CLOSE sales between March 2001 and October 2013 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 2006 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the October 2013 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 37 PENNYFORD CLOSE be worth now?

37 PENNYFORD CLOSE might now be worth an estimated £400,881.

This is based on house price inflation of 60.4%, between October 2013 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 60.4% inflationary increase is applied to the most recent sale price for 37 PENNYFORD CLOSE of £250,000 on 18th October 2013. For the value to have increased from £250,000 to £400,881 over the twelve years and eight months to February 2025, the following assumptions must hold true:

• The value of 37 PENNYFORD CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The October 2013 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 37 PENNYFORD CLOSE has not materially changed since October 2013.

How Large is 37 PENNYFORD CLOSE?

37 PENNYFORD CLOSE is 116m², which includes one extension, according to the EPC inspection conducted in August 2013. This puts it in the largest 50% 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 37 PENNYFORD CLOSE lies on this distribution: 57% of detached houses houses are smaller than 37 PENNYFORD CLOSE, and 43% of houses are larger. Note that EPC data is not available for all properties in Redditch.

37 PENNYFORD CLOSE: Plot and Title Map

37 PENNYFORD CLOSE sits on a plot of roughly 0.080 of an acre, or 324m². The below map shows the location of 37 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 37 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 37 PENNYFORD CLOSE?

37 PENNYFORD CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 37 on PENNYFORD CLOSE.