48, SPENCERS WAY, DRIFFIELD, YO25 6RH - £465,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

48 SPENCERS WAY is a small extended detached house of 82m², built sometime between 1950 and 1966. It was last sold for £465,000 in August 2023, which was around 42% above the average August 2023 detached price in the East Riding of Yorkshire local authority area. The most recent EPC inspection was October 2013, where the current energy rating was E, and the potential energy rating was B.

48 SPENCERS WAY Sold Prices

Land registry data shows four sales for 48 SPENCERS WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Riding of Yorkshire local authority area for the corresponding sale date. All of the four 48 SPENCERS WAY sales were for above 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 31 AUG	£465,000	£326,595	42% above HPI
2018 27 JUL	£305,000	£257,679	18% above HPI
2012 30 MAR	£270,000	£204,953	32% above HPI
2001 23 APR	£125,000	£93,209	34% above HPI

48 SPENCERS WAY 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 four 48 SPENCERS WAY sales between April 2001 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 July 2018 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the August 2023 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

How Large is 48 SPENCERS WAY?

48 SPENCERS WAY is 82m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the smallest 30% of detached houses in Driffield, based on EPC data. The below chart shows the distribution of detached houses by size in Driffield, and where 48 SPENCERS WAY lies on this distribution: 23% of detached houses are smaller than 48 SPENCERS WAY, and 77% of houses are larger. Note that EPC data is not available for all properties in Driffield.

48 SPENCERS WAY: Plot and Title Map

48 SPENCERS WAY sits on a plot of roughly 0.133 of an acre, or 537m². The below map shows the location of 48 SPENCERS WAY, 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 48 SPENCERS WAY). 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 48 SPENCERS WAY?

48 SPENCERS WAY is located in DRIFFIELD, in the YO25 postcode district. The below map shows the position of No. 48 on SPENCERS WAY.