2, CANAL LANE, LOFTHOUSE, WAKEFIELD, WF3 3HN - £210,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 CANAL LANE is a very small detached house of 85m², built sometime between 1976 and 1982. It was last sold for £210,000 in November 2018, which was around 11% below the average November 2018 detached price in the Wakefield local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

2 CANAL LANE Sold Prices

Land registry data shows five sales for 2 CANAL LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Wakefield local authority area for the corresponding sale date. Most of the five 2 CANAL LANE 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
2018 30 NOV	£210,000	£237,060	11% below HPI
2009 20 MAR	£160,000	£196,160	18% below HPI
2003 6 JUN	£164,950	£144,676	14% above HPI
2000 27 NOV	£70,000	£90,156	22% below HPI
1995 29 SEP	£57,000	£77,471	26% below HPI

2 CANAL LANE 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 five 2 CANAL LANE sales between September 1995 and November 2018 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 March 2009 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the November 2018 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 2 CANAL LANE?

2 CANAL LANE is 85m² according to the EPC inspection conducted in August 2018. 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 2 CANAL LANE lies on this distribution: 16% of detached houses are smaller than 2 CANAL LANE, and 83% of houses are larger. Note that EPC data is not available for all properties in Wakefield.

2 CANAL LANE: Plot and Title Map

2 CANAL LANE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 2 CANAL LANE, 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 2 CANAL LANE). 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 2 CANAL LANE?

2 CANAL LANE is located in LOFTHOUSE, in the WF3 postcode district. The below map shows the position of No. 2 on CANAL LANE.