PENMERE, ASH LANE, HOPWOOD, BIRMINGHAM, B48 7TS - £310,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

PENMERE is a large extended detached house of 158m², built sometime between 1930 and 1949. It was last sold for £310,000 in December 2012, which was about the average December 2012 detached price in the Bromsgrove local authority area. The most recent EPC inspection was August 2010, where the current energy rating was C, and the potential energy rating was C.

PENMERE Sold Prices

Land registry data shows three sales for PENMERE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bromsgrove local authority area for the corresponding sale date. The three PENMERE sales were a mix of roughly equal to the average price, and below 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
2012 19 DEC	£310,000	£308,603	Close to HPI
2003 14 FEB	£180,000	£220,619	18% below HPI
1998 30 JUN	£70,000	£131,198	47% below HPI

PENMERE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bromsgrove local authority area over time, sourced from the HPI. The three PENMERE sales between June 1998 and December 2012 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 February 2003 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the December 2012 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is PENMERE?

PENMERE is 158m², which includes two extensions, according to the EPC inspection conducted in August 2010. This puts it in the largest 40% of detached houses in Hopwood, based on EPC data. The below chart shows the distribution of detached houses by size in Hopwood, and where PENMERE lies on this distribution: 63% of detached houses are smaller than PENMERE, and 38% of houses are larger. Note that EPC data is not available for all properties in Hopwood.

PENMERE: Plot and Title Map

PENMERE sits on a plot of roughly 0.103 of an acre, or 416m². The below map shows the location of PENMERE, 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 PENMERE). 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 PENMERE?

PENMERE is located on ASH LANE in HOPWOOD, in the B48 postcode district. The below map shows the position of PENMERE on ASH LANE.