5, SPINDLE TREE RISE, WILLENHALL, WV12 4BP - £165,000

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.

5 SPINDLE TREE RISE is a very small terraced house of 68m², built sometime between 2003 and 2006, which could now be worth an estimated £209,500. It was last sold for £165,000 in January 2021, which was around 11% above the average January 2021 terraced price in the Walsall local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

5 SPINDLE TREE RISE Sold Prices

Land registry data shows two sales for 5 SPINDLE TREE RISE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Walsall local authority area for the corresponding sale date. Both of the two 5 SPINDLE TREE RISE 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
2021 22 JAN	£165,000	£148,531	11% above HPI
2008 31 JUL	£121,000	£114,707	5% above HPI

5 SPINDLE TREE RISE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Walsall local authority area over time, sourced from the HPI. The two 5 SPINDLE TREE RISE sales from July 2008 and January 2021 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 July 2008 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the January 2021 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 5 SPINDLE TREE RISE be worth now?

5 SPINDLE TREE RISE might now be worth an estimated £209,500.

This is based on house price inflation of 27%, between January 2021 and May 2026, for terraced houses, in the Walsall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27% inflationary increase is applied to the most recent sale price for 5 SPINDLE TREE RISE of £165,000 on 22nd January 2021. For the value to have increased from £165,000 to £209,500 over the four years and eight months to May 2026, the following assumptions must hold true:

• The value of 5 SPINDLE TREE RISE has moved in line with the HPI for terraced houses in the Walsall local authority area.
• The January 2021 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SPINDLE TREE RISE has not materially changed since January 2021.

How Large is 5 SPINDLE TREE RISE?

5 SPINDLE TREE RISE is 68m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 10% of terraced houses houses in Willenhall, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Willenhall, and where 5 SPINDLE TREE RISE lies on this distribution: 9% of terraced houses houses are smaller than 5 SPINDLE TREE RISE, and 90% of houses are larger. Note that EPC data is not available for all properties in Willenhall.

5 SPINDLE TREE RISE: Plot and Title Map

5 SPINDLE TREE RISE sits on a plot of roughly 0.048 of an acre, or 195m². The below map shows the location of 5 SPINDLE TREE RISE, 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 5 SPINDLE TREE RISE). 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 5 SPINDLE TREE RISE?

5 SPINDLE TREE RISE is located in WILLENHALL, in the WV12 postcode district. The below map shows the position of No. 5 on SPINDLE TREE RISE.