16, MILLCROFT RISE, LOFTHOUSE, WAKEFIELD, WF3 3TL - £241,000

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.

16 MILLCROFT RISE is a very small detached house of 85m², built sometime between 1991 and 1995, which could now be worth an estimated £283,317. It was last sold for £241,000 in June 2021, which was around 8% below the average June 2021 detached price in the Wakefield local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

16 MILLCROFT RISE Sold Prices

Land registry data shows three sales for 16 MILLCROFT RISE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wakefield local authority area for the corresponding sale date. Two of the three 16 MILLCROFT RISE sales were for below the average price, whilst one was 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
2021 17 JUN	£241,000	£262,221	8% below HPI
2015 14 APR	£182,000	£192,129	5% below HPI
1996 23 FEB	£83,450	£69,699	20% above HPI

16 MILLCROFT RISE 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 three 16 MILLCROFT RISE sales between February 1996 and June 2021 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 April 2015 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the June 2021 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 16 MILLCROFT RISE be worth now?

16 MILLCROFT RISE might now be worth an estimated £283,317.

This is based on house price inflation of 17.6%, between June 2021 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 17.6% inflationary increase is applied to the most recent sale price for 16 MILLCROFT RISE of £241,000 on 17th June 2021. For the value to have increased from £241,000 to £283,317 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 16 MILLCROFT RISE has moved in line with the HPI for detached houses in the Wakefield local authority area.
• The June 2021 sale price of £241,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MILLCROFT RISE has not materially changed since June 2021.

How Large is 16 MILLCROFT RISE?

16 MILLCROFT RISE is 85m² according to the EPC inspection conducted in April 2014. 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 16 MILLCROFT RISE lies on this distribution: 15% of detached houses houses are smaller than 16 MILLCROFT RISE, and 84% of houses are larger. Note that EPC data is not available for all properties in Wakefield.

16 MILLCROFT RISE: Plot and Title Map

16 MILLCROFT RISE sits on a plot of roughly 192.6 acres, or 779,438m². The below map shows the location of 16 MILLCROFT RISE, 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 16 MILLCROFT RISE). 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 16 MILLCROFT RISE?

16 MILLCROFT RISE is located in LOFTHOUSE, in the WF3 postcode district. The below map shows the position of No. 16 on MILLCROFT RISE.