4, PARKWAY, CROFTON, WAKEFIELD, WF4 1SX - £80,000

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

4 PARKWAY is a very small detached house of 62m², built sometime between 1983 and 1990, which could now be worth an estimated £132,280. It was last sold for £80,000 in October 2009, which was around 57% below the average October 2009 detached price in the Wakefield local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was C.

4 PARKWAY Sold Prices

Land registry data shows two sales for 4 PARKWAY 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. Both of the two 4 PARKWAY 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
2009 26 OCT	£80,000	£187,149	57% below HPI
1995 25 FEB	£49,950	£71,642	30% below HPI

4 PARKWAY 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 4 PARKWAY sales from February 1995 and October 2009 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 February 1995 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the October 2009 sale, where it falls to 57% below the HPI. The line then continues to track at 57% below the HPI.

What might 4 PARKWAY be worth now?

4 PARKWAY might now be worth an estimated £132,280.

This is based on house price inflation of 65.4%, between October 2009 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 65.4% inflationary increase is applied to the most recent sale price for 4 PARKWAY of £80,000 on 26th October 2009. For the value to have increased from £80,000 to £132,280 over the fourteen years and ten months to December 2024, the following assumptions must hold true:

• The value of 4 PARKWAY has moved in line with the HPI for detached houses in the Wakefield local authority area.
• The October 2009 sale price of £80,000 represented a fair market value for the property.
• The size, condition, and specification of 4 PARKWAY has not materially changed since October 2009.

How Large is 4 PARKWAY?

4 PARKWAY is 62m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 10% of detached houses houses in Crofton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Crofton, and where 4 PARKWAY lies on this distribution: 3% of detached houses houses are smaller than 4 PARKWAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Crofton.

4 PARKWAY: Plot and Title Map

4 PARKWAY sits on a plot of roughly 0.111 of an acre, or 449m². The below map shows the location of 4 PARKWAY, 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 4 PARKWAY). 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 4 PARKWAY?

4 PARKWAY is located in CROFTON, in the WF4 postcode district. The below map shows the position of No. 4 on PARKWAY.