THE FORGE, GRANGE FARM, LEEDS ROAD, LOFTHOUSE, WAKEFIELD, WF3 3QQ - £172,500

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

THE FORGE is a small detached house of 77m², built sometime between 1996 and 2002, which could now be worth an estimated £315,148. It was last sold for £172,500 in April 2013, which was around 30% below the average April 2013 detached price in the Leeds local authority area. The most recent EPC inspection was July 2009, where the current energy rating was C, and the potential energy rating was C.

THE FORGE Sold Prices

Land registry data shows three sales for THE FORGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Leeds local authority area for the corresponding sale date. All of the three THE FORGE 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
2013 19 APR	£172,500	£246,712	30% below HPI
2002 7 JUN	£135,000	£151,086	11% below HPI
1999 9 AUG	£94,950	£104,988	10% below HPI

THE FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Leeds local authority area over time, sourced from the HPI. The three THE FORGE sales between August 1999 and April 2013 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 2002 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the April 2013 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might THE FORGE be worth now?

THE FORGE might now be worth an estimated £315,148.

This is based on house price inflation of 82.7%, between April 2013 and December 2024, for detached houses, in the Leeds local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 82.7% inflationary increase is applied to the most recent sale price for THE FORGE of £172,500 on 19th April 2013. For the value to have increased from £172,500 to £315,148 over the ten years and four months to December 2024, the following assumptions must hold true:

• The value of THE FORGE has moved in line with the HPI for detached houses in the Leeds local authority area.
• The April 2013 sale price of £172,500 represented a fair market value for the property.
• The size, condition, and specification of THE FORGE has not materially changed since April 2013.

How Large is THE FORGE?

THE FORGE is 77m² according to the EPC inspection conducted in July 2009. This puts it in the smallest 30% of detached houses houses in Lofthouse, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lofthouse, and where THE FORGE lies on this distribution: 20% of detached houses houses are smaller than THE FORGE, and 80% of houses are larger. Note that EPC data is not available for all properties in Lofthouse.

THE FORGE: Plot and Title Map

THE FORGE sits on a plot of roughly 0.042 of an acre, or 170m². The below map shows the location of THE FORGE, 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 THE FORGE). 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 THE FORGE?

THE FORGE, GRANGE FARM is located on LEEDS ROAD in LOFTHOUSE, in the WF3 postcode district. The below map shows the position of THE FORGE, GRANGE FARM on LEEDS ROAD.