8, CANAL LANE, LOFTHOUSE, WAKEFIELD, WF3 3HN - £185,000

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

8 CANAL LANE is a small extended detached house of 97m², built sometime between 1900 and 1929. It was last sold for £185,000 in December 2019, which was around 23% below the average December 2019 detached price in the Wakefield local authority area. The most recent EPC inspection was July 2019, where the current energy rating was E, and the potential energy rating was C.

8 CANAL LANE Sold Prices

Land registry data shows two sales for 8 CANAL 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 Wakefield local authority area for the corresponding sale date. Both of the two 8 CANAL 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
2019 17 DEC	£185,000	£239,525	23% below HPI
1996 31 OCT	£55,000	£76,716	28% below HPI

8 CANAL LANE 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 8 CANAL LANE sales from October 1996 and December 2019 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 1996 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the December 2019 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 8 CANAL LANE?

8 CANAL LANE is 97m², which includes two extensions, according to the EPC inspection conducted in July 2019. This puts it in the smallest 30% of detached houses in Wakefield, based on EPC data. The below chart shows the distribution of detached houses by size in Wakefield, and where 8 CANAL LANE lies on this distribution: 29% of detached houses are smaller than 8 CANAL LANE, and 71% of houses are larger. Note that EPC data is not available for all properties in Wakefield.

8 CANAL LANE: Plot and Title Map

8 CANAL LANE sits on a plot of roughly 0.037 of an acre, or 149m². The below map shows the location of 8 CANAL 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 8 CANAL 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 8 CANAL LANE?

8 CANAL LANE is located in LOFTHOUSE, in the WF3 postcode district. The below map shows the position of No. 8 on CANAL LANE.