5, SPEAK CLOSE, WAKEFIELD, WF1 4TG - £245,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 SPEAK CLOSE is a very small detached house of 52m², built sometime between 1976 and 1982. It was last sold for £245,000 in October 2023, which was around 21% below the average October 2023 detached price in the Wakefield local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was B.

5 SPEAK CLOSE Sold Prices

Land registry data shows four sales for 5 SPEAK CLOSE 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 5 SPEAK CLOSE 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
2023 31 OCT	£245,000	£309,700	21% below HPI
2022 29 APR	£166,000	£291,935	43% below HPI
2000 17 JAN	£53,950	£81,599	34% below HPI
1998 9 APR	£46,500	£80,418	42% below HPI

5 SPEAK CLOSE 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 5 SPEAK CLOSE sales between April 1998 and October 2023 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 April 2022 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the October 2023 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 5 SPEAK CLOSE?

5 SPEAK CLOSE is 52m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 10% of detached houses in Wakefield, based on EPC data. The below chart shows the distribution of detached houses by size in Wakefield, and where 5 SPEAK CLOSE lies on this distribution: 1% of detached houses are smaller than 5 SPEAK CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Wakefield.

5 SPEAK CLOSE: Plot and Title Map

5 SPEAK CLOSE sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 5 SPEAK CLOSE, 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 5 SPEAK CLOSE). 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 5 SPEAK CLOSE?

5 SPEAK CLOSE is located in WAKEFIELD, in the WF1 postcode district. The below map shows the position of No. 5 on SPEAK CLOSE.