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Penkridge House Prices Penkridge House Prices

The average house price in Penkridge is £193,125 using HM Land Registry data.

The average property price increased by £43,098 (17.77%) over the last 5 years and increased by £8,613 (3.11%) over the last 12 months.

Over the last year, there were 112 residential property sales – a decrease of 33 transactions (-29.46%) relative to the previous year. The majority of house sales (24) were in the £252,000 - £298,000 range. Then came properties in the £206,000 - £252,000 range, where 23 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 47 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-14,304 (-4%).

In April 2024, there were 15 new estate agency instructions, 17 agreed home sales and 4 property price reductions.

Postcodes Covered: ST19

5-Year Average Property Prices in Penkridge

17.77%

Property prices in Penkridge increased by 17.77% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Penkridge Over the Last Year

3.11%

Property prices in Penkridge increased by 3.11% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Penkridge - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Penkridge

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Penkridge

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Penkridge

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Penkridge since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Penkridge area since 1995.

Recent Property Sales in Penkridge

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
5 Kempson Road, Penkridge, Stafford, Staffordshire, ST19 5BG£240,000£237,500-£2,50031 Aug 202327 Feb 2024180 Days
8 Verdon Close, Penkridge, Stafford, Staffordshire, ST19 5TQ£415,000£410,000-£5,00015 Aug 202308 Feb 2024177 Days
104 Leacroft Road, Penkridge, Stafford, Staffordshire, ST19 5BU£250,000£250,000£0017 Oct 202312 Jan 202487 Days
11 Goods Station Lane, Penkridge, Stafford, Staffordshire, ST19 5AU£285,000£282,500-£2,50018 May 202305 Jan 2024232 Days
61 Marsh Lane, Penkridge, Stafford, Staffordshire, ST19 5BP£280,000£275,000-£5,00006 Mar 202307 Dec 2023276 Days
Treefell House, Mill Street, Penkridge, Stafford, Staffordshire, ST19 5AY£325,000£304,000-£21,00018 Sep 202330 Nov 202373 Days
47 Filance Lane, Penkridge, Stafford, Staffordshire, ST19 5HJ£450,000£450,000£0016 Mar 202323 Nov 2023252 Days
2 Brook Close, Penkridge, Stafford, Staffordshire, ST19 5LW£200,000£195,000-£5,00031 May 202323 Nov 2023176 Days
8 Prescott Drive, Penkridge, Stafford, Staffordshire, ST19 5EQ£240,000£240,000£0023 Aug 202317 Nov 202386 Days
25 Heron Drive, Penkridge, Stafford, Staffordshire, ST19 5UD£220,000£220,000£0022 May 202330 Oct 2023161 Days
1 Knights Close, Penkridge, Stafford, Staffordshire, ST19 5JD£300,000£295,000-£5,00019 Jun 202327 Oct 2023130 Days
11 Nursery Drive, Penkridge, Stafford, Staffordshire, ST19 5SJ£360,000£360,000£0027 Jun 202325 Oct 2023120 Days
32 Goods Station Lane, Penkridge, Stafford, Staffordshire, ST19 5AU£250,000£245,000-£5,00007 Jun 202329 Sep 2023114 Days
11 Greville Close, Penkridge, Stafford, Staffordshire, ST19 5HY£220,000£210,000-£10,00002 Mar 202326 Sep 2023208 Days
22 Beverley Close, Penkridge, Stafford, Staffordshire, ST19 5SS£340,000£330,000-£10,00027 Apr 202315 Sep 2023141 Days
4 Boscomoor Lane, Penkridge, Stafford, Staffordshire, ST19 5NU£125,000£125,000£0023 May 202315 Sep 2023115 Days
32 Francis Close, Penkridge, Stafford, Staffordshire, ST19 5HP£270,000£270,000£0011 May 202315 Sep 2023127 Days
13 Norman Road, Penkridge, Stafford, Staffordshire, ST19 5EX£265,000£265,000£0010 May 202314 Sep 2023127 Days
34 St Michaels Close, Penkridge, Stafford, Staffordshire, ST19 5AD£435,000£425,000-£10,00005 Apr 202307 Sep 2023155 Days
8 Orchard Crescent, Penkridge, Stafford, Staffordshire, ST19 5BT£270,000£270,000£0019 Dec 202201 Sep 2023256 Days

Most Expensive Streets in Penkridge

PostcodeStreetAreaAverageNo. of Sales
ST19 5TZGlobe WalkPenkridge£476,8318
ST19 5BZHaling RoadPenkridge£433,7504
ST19 5ATLevedale RoadPenkridge£426,6653
ST19 5ADSt Michaels ClosePenkridge£397,0004
ST19 5SPWalhouse DrivePenkridge£395,0005
ST19 5BDTeddesley RoadPenkridge£373,3333
ST19 5TEBedingstone DrivePenkridge£362,1666
ST19 5DYKingfisher WalkPenkridge£357,6663
ST19 5UADrake AvenuePenkridge£356,6005
ST19 5DTCannock RoadPenkridge£355,0006

Least Expensive Streets in Penkridge

PostcodeStreetAreaAverageNo. of Sales
ST19 5FGPencricTildesley Close£93,38413
ST19 5QXSwallow PlaceLyne Hill£131,77815
ST19 5DDRiver ViewStanford Close£143,1624
ST19 5NLElm WalkPenkridge£153,2005
ST19 5LNOtherton ClosePenkridge£156,2264
ST19 5NJGrange RoadPenkridge£161,5006
ST19 5LUGrange CrescentPenkridge£170,68111
ST19 5BHLittleton CrescentPenkridge£173,5003
ST19 5BGKempson RoadPenkridge£186,8754
ST19 5JQFullmoor ClosePenkridge£196,6005

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