14, RIDINGS CLOSE, LOFTHOUSE, WAKEFIELD, WF3 3SD - £275,000

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.

14 RIDINGS CLOSE is a very small extended detached house of 83m², built sometime between 1983 and 1990, which could now be worth an estimated £340,664. It was last sold for £275,000 in December 2020, which was around 11% above the average December 2020 detached price in the Wakefield local authority area. The most recent EPC inspection was May 2020, where the current energy rating was C, and the potential energy rating was B.

14 RIDINGS CLOSE Sold Prices

Land registry data shows four sales for 14 RIDINGS 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 Wakefield local authority area for the corresponding sale date. Most of the four 14 RIDINGS 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
2020 16 DEC	£275,000	£248,845	11% above HPI
2013 21 JUN	£180,000	£177,380	1% above HPI
2006 8 SEP	£180,000	£198,355	9% below HPI
2002 19 APR	£114,000	£101,298	13% above HPI

14 RIDINGS CLOSE 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 four 14 RIDINGS CLOSE sales between April 2002 and December 2020 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 2013 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the December 2020 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 14 RIDINGS CLOSE be worth now?

14 RIDINGS CLOSE might now be worth an estimated £340,664.

This is based on house price inflation of 23.9%, between December 2020 and February 2025, for detached houses, in the Wakefield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.9% inflationary increase is applied to the most recent sale price for 14 RIDINGS CLOSE of £275,000 on 16th December 2020. For the value to have increased from £275,000 to £340,664 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 14 RIDINGS CLOSE has moved in line with the HPI for detached houses in the Wakefield local authority area.
• The December 2020 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 14 RIDINGS CLOSE has not materially changed since December 2020.

How Large is 14 RIDINGS CLOSE?

14 RIDINGS CLOSE is 83m², which includes one extension, according to the EPC inspection conducted in May 2020. This puts it in the smallest 20% of detached houses houses in Wakefield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wakefield, and where 14 RIDINGS CLOSE lies on this distribution: 14% of detached houses houses are smaller than 14 RIDINGS CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Wakefield.

14 RIDINGS CLOSE: Plot and Title Map

14 RIDINGS CLOSE sits on a plot of roughly 0.251 of an acre, or 1,017m². The below map shows the location of 14 RIDINGS 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 14 RIDINGS 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 14 RIDINGS CLOSE?

14 RIDINGS CLOSE is located in LOFTHOUSE, in the WF3 postcode district. The below map shows the position of No. 14 on RIDINGS CLOSE.