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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 SPENCER DRIVE is a midsized extended detached house of 128m², built sometime between 1991 and 1995, which could now be worth an estimated £461,538. It was last sold for £400,000 in September 2021, which was around 10% 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	£446,912	10% below HPI
2006 24 MAR	£192,000	£276,570	31% below HPI
1998 22 MAY	£84,000	£112,479	25% 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 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the September 2021 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 2 SPENCER DRIVE be worth now?

2 SPENCER DRIVE might now be worth an estimated £461,538.

This is based on house price inflation of 15.4%, between September 2021 and February 2025, for detached houses, in the Vale of Glamorgan local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.4% inflationary increase is applied to the most recent sale price for 2 SPENCER DRIVE of £400,000 on 30th September 2021. For the value to have increased from £400,000 to £461,538 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 SPENCER DRIVE has moved in line with the HPI for detached houses in the Vale of Glamorgan local authority area.
• The September 2021 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SPENCER DRIVE has not materially changed since September 2021.

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 houses in Penarth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Penarth, and where 2 SPENCER DRIVE lies on this distribution: 45% of detached houses 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.