1, REEDS WAY, WAKEFIELD, WF1 2FS - £325,000

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.

1 REEDS WAY is a large detached house of 134m², which could now be worth an estimated £434,066. It was last sold for £325,000 in September 2019, which was around 41% above the average September 2019 detached price in the Wakefield local authority area. The most recent EPC inspection was August 2017, where the current energy rating was B, and the potential energy rating was A.

1 REEDS WAY Sold Prices

Land registry data shows two sales for 1 REEDS WAY 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 1 REEDS WAY sales were for above 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 30 SEP	£325,000	£230,808	41% above HPI
2017 18 SEP	£334,995	£220,925	52% above HPI

1 REEDS WAY 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 1 REEDS WAY sales from September 2017 and September 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 September 2017 sale was for 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the September 2019 sale, where it falls to 41% above the HPI. The line then continues to track at 41% above the HPI.

What might 1 REEDS WAY be worth now?

1 REEDS WAY might now be worth an estimated £434,066.

This is based on house price inflation of 33.6%, between September 2019 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 33.6% inflationary increase is applied to the most recent sale price for 1 REEDS WAY of £325,000 on 30th September 2019. For the value to have increased from £325,000 to £434,066 over the six years and seven months to February 2025, the following assumptions must hold true:

• The value of 1 REEDS WAY has moved in line with the HPI for detached houses in the Wakefield local authority area.
• The September 2019 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 1 REEDS WAY has not materially changed since September 2019.

How Large is 1 REEDS WAY?

1 REEDS WAY is 134m² according to the EPC inspection conducted in August 2017. This puts it in the largest 30% of detached houses houses in Wakefield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wakefield, and where 1 REEDS WAY lies on this distribution: 73% of detached houses houses are smaller than 1 REEDS WAY, and 25% of houses are larger. Note that EPC data is not available for all properties in Wakefield.

1 REEDS WAY: Plot and Title Map

1 REEDS WAY sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 1 REEDS WAY, 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 1 REEDS WAY). 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 1 REEDS WAY?

1 REEDS WAY is located in WAKEFIELD, in the WF1 postcode district. The below map shows the position of No. 1 on REEDS WAY.