298, WOOD LANE, SHEFFIELD, S6 5LQ - £250,000

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

298 WOOD LANE is a very small extended detached house of 76m², built sometime between 1950 and 1966. It was last sold for £250,000 in November 2021, which was around 25% below the average November 2021 detached price in the Sheffield local authority area. The most recent EPC inspection was June 2021, where the current energy rating was E, and the potential energy rating was B.

298 WOOD LANE Sold Prices

Land registry data shows two sales for 298 WOOD 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 Sheffield local authority area for the corresponding sale date. Both of the two 298 WOOD 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
2021 19 NOV	£250,000	£335,182	25% below HPI
2013 11 OCT	£175,000	£223,601	22% below HPI

298 WOOD LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Sheffield local authority area over time, sourced from the HPI. The two 298 WOOD LANE sales from October 2013 and November 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 October 2013 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the November 2021 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 298 WOOD LANE?

298 WOOD LANE is 76m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the smallest 20% of detached houses in Sheffield, based on EPC data. The below chart shows the distribution of detached houses by size in Sheffield, and where 298 WOOD LANE lies on this distribution: 14% of detached houses are smaller than 298 WOOD LANE, and 86% of houses are larger. Note that EPC data is not available for all properties in Sheffield.

298 WOOD LANE: Plot and Title Map

298 WOOD LANE sits on a plot of roughly 2.1 acres, or 8,330m². The below map shows the location of 298 WOOD 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 298 WOOD 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 298 WOOD LANE?

298 WOOD LANE is located in SHEFFIELD, in the S6 postcode district. The below map shows the position of No. 298 on WOOD LANE.