10, SPRING LANE, NEW CROFTON, WAKEFIELD, WF4 1JS - £163,500

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.

10 SPRING LANE is a very small extended detached house of 75m², built sometime between 1996 and 2002, which could now be worth an estimated £270,857. It was last sold for £163,500 in March 2010, which was around 13% below the average March 2010 detached price in the Wakefield local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

10 SPRING LANE Sold Prices

Land registry data shows two sales for 10 SPRING LANE 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 10 SPRING LANE 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
2010 12 MAR	£163,500	£188,661	13% below HPI
2004 22 OCT	£153,000	£178,256	14% below HPI

10 SPRING LANE 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 10 SPRING LANE sales from October 2004 and March 2010 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 2004 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the March 2010 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 10 SPRING LANE be worth now?

10 SPRING LANE might now be worth an estimated £270,857.

This is based on house price inflation of 65.7%, between March 2010 and May 2026, 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 65.7% inflationary increase is applied to the most recent sale price for 10 SPRING LANE of £163,500 on 12th March 2010. For the value to have increased from £163,500 to £270,857 over the fifteen years and ten months to May 2026, the following assumptions must hold true:

• The value of 10 SPRING LANE has moved in line with the HPI for detached houses in the Wakefield local authority area.
• The March 2010 sale price of £163,500 represented a fair market value for the property.
• The size, condition, and specification of 10 SPRING LANE has not materially changed since March 2010.

How Large is 10 SPRING LANE?

10 SPRING LANE is 75m², which includes two extensions, according to the EPC inspection conducted in June 2014. This puts it in the smallest 20% of detached houses houses in Crofton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Crofton, and where 10 SPRING LANE lies on this distribution: 11% of detached houses houses are smaller than 10 SPRING LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Crofton.

10 SPRING LANE: Plot and Title Map

10 SPRING LANE sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 10 SPRING LANE, 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 10 SPRING LANE). 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 10 SPRING LANE?

10 SPRING LANE is located in NEW CROFTON, in the WF4 postcode district. The below map shows the position of No. 10 on SPRING LANE.