7, SPENCER CLOSE, ALSAGER, STOKE-ON-TRENT, ST7 2TA - £231,000

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.

7 SPENCER CLOSE is a very small detached house of 48m², built sometime between 1983 and 1990, which could now be worth an estimated £263,919. It was last sold for £231,000 in April 2022, which was around 45% below the average April 2022 detached price in the Cheshire East local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

7 SPENCER CLOSE Sold Prices

Land registry data shows four sales for 7 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 Cheshire East local authority area for the corresponding sale date. All of the four 7 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
2022 12 APR	£231,000	£422,134	45% below HPI
2021 15 JAN	£173,000	£391,768	56% below HPI
2016 10 AUG	£150,000	£332,540	55% below HPI
2009 13 MAR	£114,750	£260,273	56% below HPI

7 SPENCER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cheshire East local authority area over time, sourced from the HPI. The four 7 SPENCER CLOSE sales between March 2009 and April 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 January 2021 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the April 2022 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

What might 7 SPENCER CLOSE be worth now?

7 SPENCER CLOSE might now be worth an estimated £263,919.

This is based on house price inflation of 14.3%, between April 2022 and February 2025, for detached houses, in the Cheshire East local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.3% inflationary increase is applied to the most recent sale price for 7 SPENCER CLOSE of £231,000 on 12th April 2022. For the value to have increased from £231,000 to £263,919 over the three years and two months to February 2025, the following assumptions must hold true:

• The value of 7 SPENCER CLOSE has moved in line with the HPI for detached houses in the Cheshire East local authority area.
• The April 2022 sale price of £231,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SPENCER CLOSE has not materially changed since April 2022.

How Large is 7 SPENCER CLOSE?

7 SPENCER CLOSE is 48m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 10% of detached houses houses in Alsager, based on EPC data. The below chart shows the distribution of detached houses houses by size in Alsager, and where 7 SPENCER CLOSE lies on this distribution: Less than 1% of detached houses houses are smaller than 7 SPENCER CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Alsager.

7 SPENCER CLOSE: Plot and Title Map

7 SPENCER CLOSE sits on a plot of roughly 0.128 of an acre, or 517m². The below map shows the location of 7 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 7 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 7 SPENCER CLOSE?

7 SPENCER CLOSE is located in ALSAGER, in the ST7 postcode district. The below map shows the position of No. 7 on SPENCER CLOSE.