2, PENRITH CROFT, BIRMINGHAM, B32 3NB - £280,000

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.

2 PENRITH CROFT is a small detached house of 95m², built in 2020, which could now be worth an estimated £277,605. It was last sold for £280,000 in October 2022, which was around 37% below the average October 2022 detached price in the Birmingham local authority area. The most recent EPC inspection was August 2022, where the current energy rating was B, and the potential energy rating was A.

2 PENRITH CROFT Sold Prices

Land registry data shows three sales for 2 PENRITH CROFT since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Birmingham local authority area for the corresponding sale date. All of the three 2 PENRITH CROFT sales were for 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
2022 28 OCT	£280,000	£442,527	37% below HPI
2018 28 NOV	£83,000	£348,980	76% below HPI
2006 24 NOV	£62,500	£253,746	75% below HPI

2 PENRITH CROFT Price Paid vs. HPI Average

The below graph shows the average detached house price in the Birmingham local authority area over time, sourced from the HPI. The three 2 PENRITH CROFT sales between November 2006 and October 2022 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 November 2018 sale was for 76% below the HPI. So the extrapolation line tracks at 76% below the HPI over time, until the October 2022 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 2 PENRITH CROFT be worth now?

2 PENRITH CROFT might now be worth an estimated £277,605.

This is based on house price deflation of 0.9%, between October 2022 and May 2026, for detached houses, in the Birmingham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.9% deflationary decrease is applied to the most recent sale price for 2 PENRITH CROFT of £280,000 on 28th October 2022. For the value to have decreased from £280,000 to £277,605 over the four years and five months to May 2026, the following assumptions must hold true:

• The value of 2 PENRITH CROFT has moved in line with the HPI for detached houses in the Birmingham local authority area.
• The October 2022 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PENRITH CROFT has not materially changed since October 2022.

How Large is 2 PENRITH CROFT?

2 PENRITH CROFT is 95m² according to the EPC inspection conducted in August 2022. This puts it in the smallest 30% of detached houses in Birmingham, based on EPC data. The below chart shows the distribution of detached houses by size in Birmingham, and where 2 PENRITH CROFT lies on this distribution: 28% of detached houses are smaller than 2 PENRITH CROFT, and 71% of detached houses are larger. Note that EPC data is not available for all properties in Birmingham.