NETHER CROFT, ELM GROVE, HORBURY, WAKEFIELD, WF4 5EP - £344,000

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

NETHER CROFT is a very large detached house of 290m², built sometime between 1996 and 2002, which could now be worth an estimated £848,104. It was last sold for £344,000 in January 2003, which was around 174% above the average January 2003 detached price in the Wakefield local authority area. The most recent EPC inspection was December 2014, where the current energy rating was C, and the potential energy rating was C.

NETHER CROFT Sold Prices

Land registry data shows two sales for NETHER CROFT 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. One of the two NETHER CROFT sales was for above the average price, whilst the other was 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
2003 31 JAN	£344,000	£125,517	174% above HPI
1998 30 OCT	£45,000	£77,369	42% below HPI

NETHER CROFT 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 NETHER CROFT sales from October 1998 and January 2003 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 1998 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the January 2003 sale, where it rises to 174% above the HPI. The line then continues to track at 174% above the HPI.

What might NETHER CROFT be worth now?

NETHER CROFT might now be worth an estimated £848,104.

This is based on house price inflation of 146.5%, between January 2003 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 146.5% inflationary increase is applied to the most recent sale price for NETHER CROFT of £344,000 on 31st January 2003. For the value to have increased from £344,000 to £848,104 over the twenty years and one month to December 2024, the following assumptions must hold true:

• The value of NETHER CROFT has moved in line with the HPI for detached houses in the Wakefield local authority area.
• The January 2003 sale price of £344,000 represented a fair market value for the property.
• The size, condition, and specification of NETHER CROFT has not materially changed since January 2003.

How Large is NETHER CROFT?

NETHER CROFT is 290m² according to the EPC inspection conducted in December 2014. This puts it in the largest 10% of detached houses houses in Horbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horbury, and where NETHER CROFT lies on this distribution: 99% of detached houses houses are smaller than NETHER CROFT, and 1% of houses are larger. Note that EPC data is not available for all properties in Horbury.

NETHER CROFT: Plot and Title Map

NETHER CROFT sits on a plot of roughly 0.179 of an acre, or 724m². The below map shows the location of NETHER CROFT, 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 NETHER CROFT). 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 NETHER CROFT?

NETHER CROFT is located on ELM GROVE in HORBURY, in the WF4 postcode district. The below map shows the position of NETHER CROFT on ELM GROVE.