2, SPENCER DRIVE, LLANDOUGH, PENARTH, CF64 2LR - £400,000

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 SPENCER DRIVE is a midsized extended detached house of 128m², built sometime between 1991 and 1995. It was last sold for £400,000 in September 2021, which was around 4% below the average September 2021 detached price in the Vale of Glamorgan local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

2 SPENCER DRIVE Sold Prices

Land registry data shows three sales for 2 SPENCER DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Vale of Glamorgan local authority area for the corresponding sale date. All of the three 2 SPENCER DRIVE 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
2021 30 SEP	£400,000	£415,269	4% below HPI
2006 24 MAR	£192,000	£256,987	25% below HPI
1998 22 MAY	£84,000	£104,515	20% below HPI

2 SPENCER DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Vale of Glamorgan local authority area over time, sourced from the HPI. The three 2 SPENCER DRIVE sales between May 1998 and September 2021 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 2006 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the September 2021 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 2 SPENCER DRIVE?

2 SPENCER DRIVE is 128m², which includes two extensions, according to the EPC inspection conducted in September 2020. This puts it in the smallest 50% of detached houses in Penarth, based on EPC data. The below chart shows the distribution of detached houses by size in Penarth, and where 2 SPENCER DRIVE lies on this distribution: 45% of detached houses are smaller than 2 SPENCER DRIVE, and 54% of houses are larger. Note that EPC data is not available for all properties in Penarth.

2 SPENCER DRIVE: Plot and Title Map

2 SPENCER DRIVE sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 2 SPENCER DRIVE, 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 SPENCER DRIVE). 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 SPENCER DRIVE?

2 SPENCER DRIVE is located in LLANDOUGH, in the CF64 postcode district. The below map shows the position of No. 2 on SPENCER DRIVE.