12, MELBOURNE ROAD, WAKEFIELD, WF1 2RN - £257,000

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

12 MELBOURNE ROAD is a very small detached house of 85m², built sometime between 1950 and 1966. It was last sold for £257,000 in July 2023, which was around 17% below the average July 2023 detached price in the Wakefield local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was C.

12 MELBOURNE ROAD Sold Prices

Land registry data shows two sales for 12 MELBOURNE ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wakefield local authority area for the corresponding sale date. Both of the two 12 MELBOURNE ROAD 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
2023 18 JUL	£257,000	£309,326	17% below HPI
1997 28 FEB	£57,500	£76,750	25% below HPI

12 MELBOURNE ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wakefield local authority area over time, sourced from the HPI. The two 12 MELBOURNE ROAD sales from February 1997 and July 2023 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 February 1997 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the July 2023 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 12 MELBOURNE ROAD?

12 MELBOURNE ROAD is 85m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 20% of detached houses in Wakefield, based on EPC data. The below chart shows the distribution of detached houses by size in Wakefield, and where 12 MELBOURNE ROAD lies on this distribution: 15% of detached houses are smaller than 12 MELBOURNE ROAD, and 84% of houses are larger. Note that EPC data is not available for all properties in Wakefield.

12 MELBOURNE ROAD: Plot and Title Map

12 MELBOURNE ROAD sits on a plot of roughly 0.077 of an acre, or 312m². The below map shows the location of 12 MELBOURNE ROAD, 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 12 MELBOURNE ROAD). 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 12 MELBOURNE ROAD?

12 MELBOURNE ROAD is located in WAKEFIELD, in the WF1 postcode district. The below map shows the position of No. 12 on MELBOURNE ROAD.