5, MILL WAY, OTLEY, LS21 1FE - £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.

5 MILL WAY is a midsized terraced house of 113m², which could now be worth an estimated £454,952. It was last sold for £325,000 in January 2018, which was around 132% above the average January 2018 terraced price in the Leeds local authority area. The most recent EPC inspection was October 2014, where the current energy rating was B, and the potential energy rating was A.

5 MILL WAY Sold Prices

Land registry data shows two sales for 5 MILL WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Leeds local authority area for the corresponding sale date. Both of the two 5 MILL 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
2018 26 JAN	£325,000	£140,217	132% above HPI
2014 21 NOV	£299,995	£119,298	151% above HPI

5 MILL WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Leeds local authority area over time, sourced from the HPI. The two 5 MILL WAY sales from November 2014 and January 2018 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 November 2014 sale was for 151% above the HPI. So the extrapolation line tracks at 151% above the HPI over time, until the January 2018 sale, where it falls to 132% above the HPI. The line then continues to track at 132% above the HPI.

What might 5 MILL WAY be worth now?

5 MILL WAY might now be worth an estimated £454,952.

This is based on house price inflation of 40%, between January 2018 and June 2025, for terraced 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 40% inflationary increase is applied to the most recent sale price for 5 MILL WAY of £325,000 on 26th January 2018. For the value to have increased from £325,000 to £454,952 over the six years and seven months to June 2025, the following assumptions must hold true:

• The value of 5 MILL WAY has moved in line with the HPI for terraced houses in the Leeds local authority area.
• The January 2018 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MILL WAY has not materially changed since January 2018.

How Large is 5 MILL WAY?

5 MILL WAY is 113m² according to the EPC inspection conducted in October 2014. This puts it in the largest 50% of terraced houses houses in Otley, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Otley, and where 5 MILL WAY lies on this distribution: 50% of terraced houses houses are smaller than 5 MILL WAY, and 49% of houses are larger. Note that EPC data is not available for all properties in Otley.

5 MILL WAY: Plot and Title Map

5 MILL WAY sits on a plot of roughly 0.024 of an acre, or 97m². The below map shows the location of 5 MILL 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 5 MILL 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 5 MILL WAY?

5 MILL WAY is located in OTLEY, in the LS21 postcode district. The below map shows the position of No. 5 on MILL WAY.