1, SPENCER CLOSE, STRETTON, BURTON-ON-TRENT, DE13 0ER - £275,000

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.

1 SPENCER CLOSE is a very small extended detached house of 80m², built sometime between 1983 and 1990, which could now be worth an estimated £285,742. It was last sold for £275,000 in September 2022, which was around 18% below the average September 2022 detached price in the East Staffordshire local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was B.

1 SPENCER CLOSE Sold Prices

Land registry data shows three sales for 1 SPENCER CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Staffordshire local authority area for the corresponding sale date. All of the three 1 SPENCER CLOSE 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 23 SEP	£275,000	£337,275	18% below HPI
2001 18 MAY	£74,000	£101,982	27% below HPI
1998 13 MAR	£63,300	£77,041	18% below HPI

1 SPENCER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Staffordshire local authority area over time, sourced from the HPI. The three 1 SPENCER CLOSE sales between March 1998 and September 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 May 2001 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the September 2022 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 1 SPENCER CLOSE be worth now?

1 SPENCER CLOSE might now be worth an estimated £285,742.

This is based on house price inflation of 3.9%, between September 2022 and May 2026, for detached houses, in the East Staffordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.9% inflationary increase is applied to the most recent sale price for 1 SPENCER CLOSE of £275,000 on 23rd September 2022. For the value to have increased from £275,000 to £285,742 over the four years and four months to May 2026, the following assumptions must hold true:

• The value of 1 SPENCER CLOSE has moved in line with the HPI for detached houses in the East Staffordshire local authority area.
• The September 2022 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 1 SPENCER CLOSE has not materially changed since September 2022.

How Large is 1 SPENCER CLOSE?

1 SPENCER CLOSE is 80m², which includes one extension, according to the EPC inspection conducted in April 2013. This puts it in the smallest 20% of detached houses houses in Burton upon Trent, based on EPC data. The below chart shows the distribution of detached houses houses by size in Burton upon Trent, and where 1 SPENCER CLOSE lies on this distribution: 13% of detached houses houses are smaller than 1 SPENCER CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Burton upon Trent.

1 SPENCER CLOSE: Plot and Title Map

1 SPENCER CLOSE sits on a plot of roughly 0.053 of an acre, or 216m². The below map shows the location of 1 SPENCER 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 1 SPENCER 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 1 SPENCER CLOSE?

1 SPENCER CLOSE is located in STRETTON, in the DE13 postcode district. The below map shows the position of No. 1 on SPENCER CLOSE.