PENNINGTON, GREENACRES LANE, BEWDLEY, DY12 2RE - £350,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

PENNINGTON is a very large extended detached house of 245m², built sometime between 1967 and 1975. It was last sold for £350,000 in November 2004, which was around 55% above the average November 2004 detached price in the Wyre Forest local authority area. The most recent EPC inspection was July 2024, where the current energy rating was D, and the potential energy rating was C.

PENNINGTON Sold Prices

Land registry data shows two sales for PENNINGTON since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wyre Forest local authority area for the corresponding sale date. One of the two PENNINGTON sales was for above the average price, whilst the other was 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
2004 19 NOV	£350,000	£225,158	55% above HPI
1995 31 MAR	£82,500	£82,491	Close to HPI

PENNINGTON Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wyre Forest local authority area over time, sourced from the HPI. The two PENNINGTON sales from March 1995 and November 2004 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 March 1995 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the November 2004 sale, where it rises to 55% above the HPI. The line then continues to track at 55% above the HPI.

How Large is PENNINGTON?

PENNINGTON is 245m², which includes three extensions, according to the EPC inspection conducted in July 2024. This puts it in the largest 10% of detached houses in Bewdley, based on EPC data. The below chart shows the distribution of detached houses by size in Bewdley, and where PENNINGTON lies on this distribution: 98% of detached houses are smaller than PENNINGTON, and 2% of houses are larger. Note that EPC data is not available for all properties in Bewdley.

PENNINGTON: Plot and Title Map

PENNINGTON sits on a plot of roughly 0.228 of an acre, or 922m². The below map shows the location of PENNINGTON, 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 PENNINGTON). 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 PENNINGTON?

PENNINGTON is located on GREENACRES LANE in BEWDLEY, in the DY12 postcode district. The below map shows the position of PENNINGTON on GREENACRES LANE.