2, WOOD LANE, DRIFFIELD, YO25 6DU - £272,500

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.

2 WOOD LANE is a midsized detached house of 104m², built sometime between 2003 and 2006, which could now be worth an estimated £291,283. It was last sold for £272,500 in July 2024, which was around 15% below the average July 2024 detached price in the East Riding of Yorkshire local authority area. The most recent EPC inspection was May 2024, where the current energy rating was C, and the potential energy rating was B.

2 WOOD LANE Sold Prices

Land registry data shows three sales for 2 WOOD LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Riding of Yorkshire local authority area for the corresponding sale date. All of the three 2 WOOD 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
2024 18 JUL	£272,500	£319,162	15% below HPI
2017 29 SEP	£207,000	£255,347	19% below HPI
2014 28 MAY	£182,500	£215,580	15% below HPI

2 WOOD 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 three 2 WOOD LANE sales between May 2014 and July 2024 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 September 2017 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the July 2024 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 2 WOOD LANE be worth now?

2 WOOD LANE might now be worth an estimated £291,283.

This is based on house price inflation of 6.9%, between July 2024 and February 2025, for detached houses, in the East Riding of Yorkshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.9% inflationary increase is applied to the most recent sale price for 2 WOOD LANE of £272,500 on 18th July 2024. For the value to have increased from £272,500 to £291,283 over the one year and five months to February 2025, the following assumptions must hold true:

• The value of 2 WOOD LANE has moved in line with the HPI for detached houses in the East Riding of Yorkshire local authority area.
• The July 2024 sale price of £272,500 represented a fair market value for the property.
• The size, condition, and specification of 2 WOOD LANE has not materially changed since July 2024.

How Large is 2 WOOD LANE?

2 WOOD LANE is 104m² according to the EPC inspection conducted in May 2024. This puts it in the smallest 50% of detached houses houses in Driffield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Driffield, and where 2 WOOD LANE lies on this distribution: 47% of detached houses houses are smaller than 2 WOOD LANE, and 52% of houses are larger. Note that EPC data is not available for all properties in Driffield.

2 WOOD LANE: Plot and Title Map

2 WOOD LANE sits on a plot of roughly 0.080 of an acre, or 322m². The below map shows the location of 2 WOOD 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 WOOD 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 WOOD LANE?

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