2, SPRING LANE, NEW CROFTON, WAKEFIELD, WF4 1JS - £205,000

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 SPRING LANE is a large extended detached house of 126m², built sometime between 1996 and 2002. It was last sold for £205,000 in April 2018, which was around 9% below the average April 2018 detached price in the Wakefield local authority area. The most recent EPC inspection was January 2011, where the current energy rating was D, and the potential energy rating was C.

2 SPRING LANE Sold Prices

Land registry data shows three sales for 2 SPRING LANE 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 2 SPRING LANE 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
2018 27 APR	£205,000	£224,635	9% below HPI
2005 21 JAN	£182,500	£185,455	2% below HPI
1997 2 MAY	£94,995	£78,143	22% above HPI

2 SPRING 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 three 2 SPRING LANE sales between May 1997 and April 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 January 2005 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the April 2018 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 2 SPRING LANE?

2 SPRING LANE is 126m², which includes two extensions, according to the EPC inspection conducted in January 2011. This puts it in the largest 30% of detached houses in Crofton, based on EPC data. The below chart shows the distribution of detached houses by size in Crofton, and where 2 SPRING LANE lies on this distribution: 73% of detached houses are smaller than 2 SPRING LANE, and 27% of houses are larger. Note that EPC data is not available for all properties in Crofton.

2 SPRING LANE: Plot and Title Map

2 SPRING LANE sits on a plot of roughly 0.088 of an acre, or 358m². The below map shows the location of 2 SPRING 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 SPRING 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 SPRING LANE?

2 SPRING LANE is located in NEW CROFTON, in the WF4 postcode district. The below map shows the position of No. 2 on SPRING LANE.