3, SPENCER CLOSE, DUDLEY, DY3 3BL - £215,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 SPENCER CLOSE is a very small detached house of 74m², built sometime between 1950 and 1966. It was last sold for £215,000 in May 2012, which was around 11% above the average May 2012 detached price in the Dudley local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was C.

3 SPENCER CLOSE Sold Prices

Land registry data shows two sales for 3 SPENCER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Dudley local authority area for the corresponding sale date. One of the two 3 SPENCER CLOSE sales was for above the average price, whilst the other was 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
2012 25 MAY	£215,000	£193,821	11% above HPI
2011 24 MAR	£168,000	£195,930	14% below HPI

3 SPENCER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dudley local authority area over time, sourced from the HPI. The two 3 SPENCER CLOSE sales from March 2011 and May 2012 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 March 2011 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the May 2012 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is 3 SPENCER CLOSE?

3 SPENCER CLOSE is 74m² according to the EPC inspection conducted in January 2012. This puts it in the smallest 20% of detached houses in Sedgley, based on EPC data. The below chart shows the distribution of detached houses by size in Sedgley, and where 3 SPENCER CLOSE lies on this distribution: 11% of detached houses are smaller than 3 SPENCER CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Sedgley.

3 SPENCER CLOSE: Plot and Title Map

3 SPENCER CLOSE sits on a plot of roughly 0.124 of an acre, or 500m². 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 DUDLEY, in the DY3 postcode district. The below map shows the position of No. 3 on SPENCER CLOSE.