2, SPENCER CLOSE, DUDLEY, DY3 3BL - £230,000

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 SPENCER CLOSE is a very small semi-detached house of 58m², built sometime between 1950 and 1966, which could now be worth an estimated £346,598. It was last sold for £230,000 in March 2018, which was around 45% above the average March 2018 semi-detached price in the Dudley local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was B.

2 SPENCER CLOSE Sold Prices

Land registry data shows two sales for 2 SPENCER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Dudley local authority area for the corresponding sale date. Both of the two 2 SPENCER CLOSE sales were for above 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
2018 23 MAR	£230,000	£159,151	45% above HPI
2007 25 APR	£207,000	£133,753	55% above HPI

2 SPENCER CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Dudley local authority area over time, sourced from the HPI. The two 2 SPENCER CLOSE sales from April 2007 and March 2018 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 April 2007 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the March 2018 sale, where it falls to 45% above the HPI. The line then continues to track at 45% above the HPI.

What might 2 SPENCER CLOSE be worth now?

2 SPENCER CLOSE might now be worth an estimated £346,598.

This is based on house price inflation of 50.7%, between March 2018 and May 2026, for semi-detached houses, in the Dudley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 50.7% inflationary increase is applied to the most recent sale price for 2 SPENCER CLOSE of £230,000 on 23rd March 2018. For the value to have increased from £230,000 to £346,598 over the seven years and ten months to May 2026, the following assumptions must hold true:

• The value of 2 SPENCER CLOSE has moved in line with the HPI for semi-detached houses in the Dudley local authority area.
• The March 2018 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SPENCER CLOSE has not materially changed since March 2018.

How Large is 2 SPENCER CLOSE?

2 SPENCER CLOSE is 58m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 10% of semi-detached houses houses in Sedgley, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Sedgley, and where 2 SPENCER CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 2 SPENCER CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Sedgley.

2 SPENCER CLOSE: Plot and Title Map

2 SPENCER CLOSE sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of 2 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 2 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 2 SPENCER CLOSE?

2 SPENCER CLOSE is located in DUDLEY, in the DY3 postcode district. The below map shows the position of No. 2 on SPENCER CLOSE.