6, SPENCER CLOSE, TIVIDALE, OLDBURY, B69 1NG - £159,950

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

6 SPENCER CLOSE is a large detached house of 111m², built sometime between 1983 and 1990, which could now be worth an estimated £357,112. It was last sold for £159,950 in January 2004, which was around 13% above the average January 2004 detached price in the Sandwell local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

6 SPENCER CLOSE Sold Prices

Land registry data shows two sales for 6 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 Sandwell local authority area for the corresponding sale date. Both of the two 6 SPENCER CLOSE 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
2004 16 JAN	£159,950	£141,962	13% above HPI
2002 10 JUN	£120,950	£102,187	18% above HPI

6 SPENCER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Sandwell local authority area over time, sourced from the HPI. The two 6 SPENCER CLOSE sales from June 2002 and January 2004 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 June 2002 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the January 2004 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 6 SPENCER CLOSE be worth now?

6 SPENCER CLOSE might now be worth an estimated £357,112.

This is based on house price inflation of 123.3%, between January 2004 and December 2024, for detached houses, in the Sandwell local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 123.3% inflationary increase is applied to the most recent sale price for 6 SPENCER CLOSE of £159,950 on 16th January 2004. For the value to have increased from £159,950 to £357,112 over the nineteen years and one month to December 2024, the following assumptions must hold true:

• The value of 6 SPENCER CLOSE has moved in line with the HPI for detached houses in the Sandwell local authority area.
• The January 2004 sale price of £159,950 represented a fair market value for the property.
• The size, condition, and specification of 6 SPENCER CLOSE has not materially changed since January 2004.

How Large is 6 SPENCER CLOSE?

6 SPENCER CLOSE is 111m² according to the EPC inspection conducted in June 2015. This puts it in the largest 30% of detached houses houses in Rowley Regis, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rowley Regis, and where 6 SPENCER CLOSE lies on this distribution: 67% of detached houses houses are smaller than 6 SPENCER CLOSE, and 29% of houses are larger. Note that EPC data is not available for all properties in Rowley Regis.

6 SPENCER CLOSE: Plot and Title Map

6 SPENCER CLOSE sits on a plot of roughly 0.063 of an acre, or 255m². The below map shows the location of 6 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 6 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 6 SPENCER CLOSE?

6 SPENCER CLOSE is located in TIVIDALE, in the B69 postcode district. The below map shows the position of No. 6 on SPENCER CLOSE.