3, PENROSE PLACE, WAKEFIELD, WF2 7QG - £212,500

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

3 PENROSE PLACE is a small extended detached house of 99m², built sometime between 1996 and 2002, which could now be worth an estimated £317,622. It was last sold for £212,500 in September 2016, which was around 3% above the average September 2016 detached price in the Wakefield local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was B.

3 PENROSE PLACE Sold Prices

Land registry data shows four sales for 3 PENROSE PLACE 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 3 PENROSE PLACE sales were 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
2016 9 SEP	£212,500	£207,034	3% above HPI
2016 31 AUG	£220,000	£207,466	6% above HPI
2002 19 JUL	£142,000	£106,562	33% above HPI
1998 10 JUL	£105,000	£76,425	37% above HPI

3 PENROSE PLACE 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 3 PENROSE PLACE sales between July 1998 and September 2016 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 August 2016 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the September 2016 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 3 PENROSE PLACE be worth now?

3 PENROSE PLACE might now be worth an estimated £317,622.

This is based on house price inflation of 49.5%, between September 2016 and December 2024, for detached houses, in the Wakefield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 49.5% inflationary increase is applied to the most recent sale price for 3 PENROSE PLACE of £212,500 on 9th September 2016. For the value to have increased from £212,500 to £317,622 over the seven years and nine months to December 2024, the following assumptions must hold true:

• The value of 3 PENROSE PLACE has moved in line with the HPI for detached houses in the Wakefield local authority area.
• The September 2016 sale price of £212,500 represented a fair market value for the property.
• The size, condition, and specification of 3 PENROSE PLACE has not materially changed since September 2016.

How Large is 3 PENROSE PLACE?

3 PENROSE PLACE is 99m², which includes two extensions, according to the EPC inspection conducted in May 2016. This puts it in the smallest 40% of detached houses houses in Wakefield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wakefield, and where 3 PENROSE PLACE lies on this distribution: 30% of detached houses houses are smaller than 3 PENROSE PLACE, and 69% of houses are larger. Note that EPC data is not available for all properties in Wakefield.

3 PENROSE PLACE: Plot and Title Map

3 PENROSE PLACE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 3 PENROSE PLACE, 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 3 PENROSE PLACE). 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 3 PENROSE PLACE?

3 PENROSE PLACE is located in WAKEFIELD, in the WF2 postcode district. The below map shows the position of No. 3 on PENROSE PLACE.