2, HOWE LANE, NAFFERTON, DRIFFIELD, YO25 4JT - £245,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 HOWE LANE is a very small detached house of 76m², built sometime between 1967 and 1975. It was last sold for £245,000 in August 2023, which was around 25% below the average August 2023 detached price in the East Riding of Yorkshire local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

2 HOWE LANE Sold Prices

Land registry data shows two sales for 2 HOWE 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 East Riding of Yorkshire local authority area for the corresponding sale date. Both of the two 2 HOWE 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
2023 15 AUG	£245,000	£326,766	25% below HPI
1997 27 MAR	£44,500	£74,677	40% below HPI

2 HOWE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Riding of Yorkshire local authority area over time, sourced from the HPI. The two 2 HOWE LANE sales from March 1997 and August 2023 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 March 1997 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the August 2023 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 2 HOWE LANE?

2 HOWE LANE is 76m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 20% of detached houses in Nafferton, based on EPC data. The below chart shows the distribution of detached houses by size in Nafferton, and where 2 HOWE LANE lies on this distribution: 12% of detached houses are smaller than 2 HOWE LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Nafferton.

2 HOWE LANE: Plot and Title Map

2 HOWE LANE sits on a plot of roughly 0.107 of an acre, or 435m². The below map shows the location of 2 HOWE 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 2 HOWE 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 2 HOWE LANE?

2 HOWE LANE is located in NAFFERTON, in the YO25 postcode district. The below map shows the position of No. 2 on HOWE LANE.