48, MILLFIELDS, OSSETT, WF5 8HE - £95,000

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.

48 MILLFIELDS is a very small terraced house of 50m², built sometime between 1983 and 1990, which could now be worth an estimated £102,612. It was last sold for £95,000 in July 2022, which was around 35% below the average July 2022 terraced price in the Wakefield local authority area. The most recent EPC inspection was March 2017, where the current energy rating was C, and the potential energy rating was B.

48 MILLFIELDS Sold Prices

Land registry data shows six sales for 48 MILLFIELDS since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the Wakefield local authority area for the corresponding sale date. Most of the six 48 MILLFIELDS 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
2022 29 JUL	£95,000	£145,506	35% below HPI
2018 31 AUG	£80,000	£110,244	27% below HPI
2010 7 MAY	£78,000	£93,730	17% below HPI
2005 19 JAN	£75,000	£86,818	14% below HPI
2003 23 JUN	£64,000	£61,342	4% above HPI
1997 7 MAR	£27,000	£33,385	19% below HPI

48 MILLFIELDS Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Wakefield local authority area over time, sourced from the HPI. The six 48 MILLFIELDS sales between March 1997 and July 2022 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 August 2018 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the July 2022 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 48 MILLFIELDS be worth now?

48 MILLFIELDS might now be worth an estimated £102,612.

This is based on house price inflation of 8%, between July 2022 and April 2026, for terraced 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 8% inflationary increase is applied to the most recent sale price for 48 MILLFIELDS of £95,000 on 29th July 2022. For the value to have increased from £95,000 to £102,612 over the four years and three months to April 2026, the following assumptions must hold true:

• The value of 48 MILLFIELDS has moved in line with the HPI for terraced houses in the Wakefield local authority area.
• The July 2022 sale price of £95,000 represented a fair market value for the property.
• The size, condition, and specification of 48 MILLFIELDS has not materially changed since July 2022.

How Large is 48 MILLFIELDS?

48 MILLFIELDS is 50m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 10% of terraced houses houses in Ossett, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Ossett, and where 48 MILLFIELDS lies on this distribution: 1% of terraced houses houses are smaller than 48 MILLFIELDS, and 99% of houses are larger. Note that EPC data is not available for all properties in Ossett.

48 MILLFIELDS: Plot and Title Map

48 MILLFIELDS sits on a plot of roughly 0.006 of an acre, or 25m². The below map shows the location of 48 MILLFIELDS, 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 48 MILLFIELDS). 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 48 MILLFIELDS?

48 MILLFIELDS is located in OSSETT, in the WF5 postcode district. The below map shows the position of No. 48 on MILLFIELDS.