2, THE PALACE, AIRE STREET, KNOTTINGLEY, WF11 9AZ - £87,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 THE PALACE is a very large semi-detached house of 163m², built sometime between 1996 and 2002. It was last sold for £87,500 in October 2012, which was around 51% below the average October 2012 detached price in the Wakefield local authority area. The most recent EPC inspection was January 2024, where the current energy rating was C, and the potential energy rating was C.

2 THE PALACE Sold Prices

Land registry data shows four sales for 2 THE PALACE 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. All of the four 2 THE PALACE 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
2012 19 OCT	£87,500	£179,575	51% below HPI
2006 9 JUN	£149,995	£196,325	24% below HPI
2003 10 OCT	£120,000	£150,513	20% below HPI
2003 17 MAY	£79,950	£135,329	41% below HPI

2 THE PALACE 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 2 THE PALACE sales between May 2003 and October 2012 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 2006 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the October 2012 sale, where it falls to 51% below the HPI. The line then continues to track at 51% below the HPI.

How Large is 2 THE PALACE?

2 THE PALACE is 163m² according to the EPC inspection conducted in January 2024. This puts it in the largest 10% of detached houses in Knottingley, based on EPC data. The below chart shows the distribution of detached houses by size in Knottingley, and where 2 THE PALACE lies on this distribution: 95% of detached houses are smaller than 2 THE PALACE, and 5% of houses are larger. Note that EPC data is not available for all properties in Knottingley.

2 THE PALACE: Plot and Title Map

2 THE PALACE sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of 2 THE PALACE, 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 THE PALACE). 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 THE PALACE?

2 THE PALACE is located on AIRE STREET in KNOTTINGLEY, in the WF11 postcode district. The below map shows the position of 2 THE PALACE on AIRE STREET.