PRIMIS, WARNEFORD AVENUE, OSSETT, WF5 9NJ - £250,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

PRIMIS is a midsized detached house of 109m², which could now be worth an estimated £335,352. It was last sold for £250,000 in February 2020, which was around 9% above the average February 2020 detached price in the Wakefield local authority area. The most recent EPC inspection was May 2019, where the current energy rating was B, and the potential energy rating was A.

PRIMIS Sold Prices

Land registry data shows four sales for PRIMIS 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. two of the four PRIMIS sales were for above the average price, and four 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
2020 7 FEB	£250,000	£229,806	9% above HPI
2016 29 JAN	£188,737	£200,195	6% below HPI
2002 6 SEP	£112,000	£110,354	1% above HPI
1999 7 MAY	£71,000	£78,032	9% below HPI

PRIMIS 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 PRIMIS sales between May 1999 and February 2020 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 January 2016 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2020 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might PRIMIS be worth now?

PRIMIS might now be worth an estimated £335,352.

This is based on house price inflation of 34.1%, between February 2020 and February 2025, 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 34.1% inflationary increase is applied to the most recent sale price for PRIMIS of £250,000 on 7th February 2020. For the value to have increased from £250,000 to £335,352 over the five years to February 2025, the following assumptions must hold true:

• The value of PRIMIS has moved in line with the HPI for detached houses in the Wakefield local authority area.
• The February 2020 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of PRIMIS has not materially changed since February 2020.

How Large is PRIMIS?

PRIMIS is 109m² according to the EPC inspection conducted in May 2019. This puts it in the largest 50% of detached houses houses in Ossett, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ossett, and where PRIMIS lies on this distribution: 50% of detached houses houses are smaller than PRIMIS, and 49% of houses are larger. Note that EPC data is not available for all properties in Ossett.

PRIMIS: Plot and Title Map

PRIMIS sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of PRIMIS, 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 PRIMIS). 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 PRIMIS?

PRIMIS is located on WARNEFORD AVENUE in OSSETT, in the WF5 postcode district. The below map shows the position of PRIMIS on WARNEFORD AVENUE.