40, GIBSON STREET, DRIFFIELD, YO25 6ED - £130,000

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.

40 GIBSON STREET is a very small detached house of 44m², built sometime between 1950 and 1966, which could now be worth an estimated £155,320. It was last sold for £130,000 in December 2020, which was around 54% below the average December 2020 detached price in the East Riding of Yorkshire local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was C.

40 GIBSON STREET Sold Prices

Land registry data shows five sales for 40 GIBSON STREET since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Riding of Yorkshire local authority area for the corresponding sale date. All of the five 40 GIBSON STREET 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
2020 17 DEC	£130,000	£285,546	54% below HPI
2017 31 JAN	£110,000	£238,930	54% below HPI
2007 2 NOV	£105,000	£231,443	55% below HPI
2006 4 AUG	£115,000	£215,713	47% below HPI
1998 27 NOV	£28,000	£79,772	65% below HPI

40 GIBSON STREET 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 five 40 GIBSON STREET sales between November 1998 and December 2020 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 January 2017 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the December 2020 sale, which was also at 54% below the HPI.

What might 40 GIBSON STREET be worth now?

40 GIBSON STREET might now be worth an estimated £155,320.

This is based on house price inflation of 19.5%, between December 2020 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 19.5% inflationary increase is applied to the most recent sale price for 40 GIBSON STREET of £130,000 on 17th December 2020. For the value to have increased from £130,000 to £155,320 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 40 GIBSON STREET has moved in line with the HPI for detached houses in the East Riding of Yorkshire local authority area.
• The December 2020 sale price of £130,000 represented a fair market value for the property.
• The size, condition, and specification of 40 GIBSON STREET has not materially changed since December 2020.

How Large is 40 GIBSON STREET?

40 GIBSON STREET is 44m² according to the EPC inspection conducted in November 2020. This puts it in the smallest 10% 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 40 GIBSON STREET lies on this distribution: Less than 1% of detached houses houses are smaller than 40 GIBSON STREET, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Driffield.

40 GIBSON STREET: Plot and Title Map

40 GIBSON STREET sits on a plot of roughly 0.057 of an acre, or 231m². The below map shows the location of 40 GIBSON STREET, 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 40 GIBSON STREET). 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 40 GIBSON STREET?

40 GIBSON STREET is located in DRIFFIELD, in the YO25 postcode district. The below map shows the position of No. 40 on GIBSON STREET.