1, SPINDLE TREE RISE, WILLENHALL, WV12 4BP - £236,000

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 SPINDLE TREE RISE is a very small extended detached house of 77m², built sometime between 2003 and 2006, which could now be worth an estimated £251,064. It was last sold for £236,000 in June 2022, which was around 26% below the average June 2022 detached price in the Walsall local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

1 SPINDLE TREE RISE Sold Prices

Land registry data shows three sales for 1 SPINDLE TREE RISE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Walsall local authority area for the corresponding sale date. All of the three 1 SPINDLE TREE RISE 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 22 JUN	£236,000	£320,411	26% below HPI
2015 10 APR	£150,000	£210,553	29% below HPI
2006 3 NOV	£184,950	£211,416	13% below HPI

1 SPINDLE TREE RISE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Walsall local authority area over time, sourced from the HPI. The three 1 SPINDLE TREE RISE sales between November 2006 and June 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 April 2015 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the June 2022 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 1 SPINDLE TREE RISE be worth now?

1 SPINDLE TREE RISE might now be worth an estimated £251,064.

This is based on house price inflation of 6.4%, between June 2022 and February 2025, for detached 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 6.4% inflationary increase is applied to the most recent sale price for 1 SPINDLE TREE RISE of £236,000 on 22nd June 2022. For the value to have increased from £236,000 to £251,064 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of 1 SPINDLE TREE RISE has moved in line with the HPI for detached houses in the Walsall local authority area.
• The June 2022 sale price of £236,000 represented a fair market value for the property.
• The size, condition, and specification of 1 SPINDLE TREE RISE has not materially changed since June 2022.

How Large is 1 SPINDLE TREE RISE?

1 SPINDLE TREE RISE is 77m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the smallest 20% of detached houses houses in Willenhall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Willenhall, and where 1 SPINDLE TREE RISE lies on this distribution: 18% of detached houses houses are smaller than 1 SPINDLE TREE RISE, and 81% of houses are larger. Note that EPC data is not available for all properties in Willenhall.

1 SPINDLE TREE RISE: Plot and Title Map

1 SPINDLE TREE RISE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 1 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 1 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 1 SPINDLE TREE RISE?

1 SPINDLE TREE RISE is located in WILLENHALL, in the WV12 postcode district. The below map shows the position of No. 1 on SPINDLE TREE RISE.