3, SPENCER CLOSE, BIRMINGHAM, B24 0LQ - £230,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 SPENCER CLOSE is a midsized detached house of 114m², built sometime between 2003 and 2006. It was last sold for £230,000 in July 2018, which was around 33% 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	£343,406	33% below HPI
2016 21 APR	£162,000	£294,657	45% below HPI
2007 23 FEB	£187,000	£259,017	28% below HPI
2004 29 APR	£163,450	£229,672	29% 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 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the July 2018 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

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 in Birmingham, based on EPC data. The below chart shows the distribution of detached houses by size in Birmingham, and where 3 SPENCER CLOSE lies on this distribution: 48% of detached 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.