9, MELBOURNE ROAD, WAKEFIELD, WF1 2RL - £195,000

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

9 MELBOURNE ROAD is a very small detached house of 85m², built sometime between 1950 and 1966. It was last sold for £195,000 in February 2018, which was around 15% below the average February 2018 detached price in the Wakefield local authority area. The most recent EPC inspection was February 2010, where the current energy rating was C, and the potential energy rating was C.

9 MELBOURNE ROAD Sold Prices

Land registry data shows three sales for 9 MELBOURNE ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wakefield local authority area for the corresponding sale date. All of the three 9 MELBOURNE ROAD 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
2018 2 FEB	£195,000	£228,519	15% below HPI
2005 24 JUN	£180,000	£191,071	6% below HPI
2004 27 MAY	£139,100	£168,810	18% below HPI

9 MELBOURNE ROAD 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 three 9 MELBOURNE ROAD sales between May 2004 and February 2018 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 June 2005 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2018 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 9 MELBOURNE ROAD?

9 MELBOURNE ROAD is 85m² according to the EPC inspection conducted in February 2010. This puts it in the smallest 20% of detached houses in Wakefield, based on EPC data. The below chart shows the distribution of detached houses by size in Wakefield, and where 9 MELBOURNE ROAD lies on this distribution: 16% of detached houses are smaller than 9 MELBOURNE ROAD, and 84% of houses are larger. Note that EPC data is not available for all properties in Wakefield.

9 MELBOURNE ROAD: Plot and Title Map

9 MELBOURNE ROAD sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 9 MELBOURNE ROAD, 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 9 MELBOURNE ROAD). 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 9 MELBOURNE ROAD?

9 MELBOURNE ROAD is located in WAKEFIELD, in the WF1 postcode district. The below map shows the position of No. 9 on MELBOURNE ROAD.