3, SPENCER CLOSE, BIRMINGHAM, B24 0LQ - £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.

3 SPENCER CLOSE is a midsized detached house of 114m², built sometime between 2003 and 2006, which could now be worth an estimated £296,364. It was last sold for £230,000 in July 2018, which was around 32% below the average July 2018 detached price in the Birmingham local authority area. The most recent EPC inspection was December 2017, where the current energy rating was C, and the potential energy rating was B.

3 SPENCER CLOSE Sold Prices

Land registry data shows four sales for 3 SPENCER CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Birmingham local authority area for the corresponding sale date. All of the four 3 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
2018 23 JUL	£230,000	£336,781	32% below HPI
2016 21 APR	£162,000	£288,972	44% below HPI
2007 23 FEB	£187,000	£254,020	26% below HPI
2004 29 APR	£163,450	£225,241	27% below HPI

3 SPENCER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Birmingham local authority area over time, sourced from the HPI. The four 3 SPENCER CLOSE sales between April 2004 and July 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 2016 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the July 2018 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 3 SPENCER CLOSE be worth now?

3 SPENCER CLOSE might now be worth an estimated £296,364.

This is based on house price inflation of 28.9%, between July 2018 and February 2025, for detached houses, in the Birmingham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.9% inflationary increase is applied to the most recent sale price for 3 SPENCER CLOSE of £230,000 on 23rd July 2018. For the value to have increased from £230,000 to £296,364 over the seven years and five months to February 2025, the following assumptions must hold true:

• The value of 3 SPENCER CLOSE has moved in line with the HPI for detached houses in the Birmingham local authority area.
• The July 2018 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SPENCER CLOSE has not materially changed since July 2018.

How Large is 3 SPENCER CLOSE?

3 SPENCER CLOSE is 114m² according to the EPC inspection conducted in December 2017. This puts it in the smallest 50% of detached houses houses in Birmingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Birmingham, and where 3 SPENCER CLOSE lies on this distribution: 48% of detached houses houses are smaller than 3 SPENCER CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

3 SPENCER CLOSE: Plot and Title Map

3 SPENCER CLOSE sits on a plot of roughly 0.057 of an acre, or 230m². The below map shows the location of 3 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 3 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 3 SPENCER CLOSE?

3 SPENCER CLOSE is located in BIRMINGHAM, in the B24 postcode district. The below map shows the position of No. 3 on SPENCER CLOSE.