According to the public record, 16, Balne Lane, Wakefield is a early-century freehold house with 947 ft2 of internal area and sits on a 143 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Balne Lane, Wakefield, WF2 is located in the borough of Wakefield within the WF2 postal district.
16, Balne Lane, Wakefield has a single entry in the Land Registry database from September 2015 and a single entry in the EPC database dated January 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 16 Balne Lane Wakefield as £120,140 and the rental value as £653 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 16 Balne Lane Wakefield has increased by £6,170 (5.1%) and its rental value has increased by £19 per month (2.8%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 16, Balne Lane, Wakefield is in very good condition we estimate a sale value of £126,147 and rental value of £685 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £111,730 and a rental value of £607 per month.
If you were able to purchase this property for the estimated value of £120,140, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £590 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 16, Balne Lane, Wakefield sits on a plot of 143m2.
We have plot size data on 4 out of 5 other houses in the postcode and 16, Balne Lane, Wakefield sits on the 4th largest plot.
According to HM Land Registry, 16, Balne Lane, Wakefield was last sold on 16 Sep 2015 for £70,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2015, the market for similar properties has risen 53.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Balne Lane, Wakefield within a radius of 560 metres over the last 2 years.
The most recent example is 38, Benjamin Street, Wakefield, WF2 9AN, a Freehold house which sold for £130,000 in Feb 2024.
Read more about house prices in WF2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Balne Lane, Wakefield, WF2 has a total of 106 addresses. According to our analysis of all the public data, 16, Balne Lane, Wakefield is the 49th largest and the 82nd most expensive property on the street.
When compared to the postcode district it is £113k less expensive than the average property in WF2.
16, Balne Lane, Wakefield has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 30 Jan 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 16, Balne Lane, Wakefield is Wakefield Westgate station which is 500 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 16, Balne Lane, Wakefield, 72.5% of property is privately rented and 17.5% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 16, Balne Lane, Wakefield, 11.9% of residents are recorded as possessing school level qualifications and 53.9% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 16, Balne Lane, Wakefield, the average age was 38.5 and the most common age was 27.
The graph below shows how this compares to Yorkshire and The Humber and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 16, Balne Lane, Wakefield, 0.0% of property was a second home.
Comparison figures for Yorkshire and The Humber and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 16, Balne Lane, Wakefield, there are an average of 0.6 cars per household.
See below for how this compares to Yorkshire and The Humber and the rest of England & Wales.