2, RIDINGS LANE, LOFTHOUSE, WAKEFIELD, WF3 3SE - £325,000

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

2 RIDINGS LANE is a very small detached house of 71m², built sometime between 1983 and 1990. It was last sold for £325,000 in February 2024, which was around 5% above the average February 2024 detached price in the Wakefield local authority area. The most recent EPC inspection was November 2023, where the current energy rating was D, and the potential energy rating was B.

2 RIDINGS LANE Sold Prices

Land registry data shows two sales for 2 RIDINGS LANE 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. One of the two 2 RIDINGS LANE sales was for above the average price, whilst the other was 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
2024 23 FEB	£325,000	£309,409	5% above HPI
2012 14 SEP	£180,000	£185,973	3% below HPI

2 RIDINGS 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 two 2 RIDINGS LANE sales from September 2012 and February 2024 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 September 2012 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the February 2024 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is 2 RIDINGS LANE?

2 RIDINGS LANE is 71m² according to the EPC inspection conducted in November 2023. This puts it in the smallest 10% 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 RIDINGS LANE lies on this distribution: 6% of detached houses are smaller than 2 RIDINGS LANE, and 93% of houses are larger. Note that EPC data is not available for all properties in Wakefield.

2 RIDINGS LANE: Plot and Title Map

2 RIDINGS LANE sits on a plot of roughly 0.106 of an acre, or 431m². The below map shows the location of 2 RIDINGS 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 RIDINGS 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 RIDINGS LANE?

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