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

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

48 SPENCERS WAY is a small extended detached house of 82m², built sometime between 1950 and 1966, which could now be worth an estimated £471,598. 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	£327,138	42% above HPI
2018 27 JUL	£305,000	£258,108	18% above HPI
2012 30 MAR	£270,000	£205,294	32% above HPI
2001 23 APR	£125,000	£93,365	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.

What might 48 SPENCERS WAY be worth now?

48 SPENCERS WAY might now be worth an estimated £471,598.

This is based on house price inflation of 1.4%, between August 2023 and December 2024, 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 1.4% inflationary increase is applied to the most recent sale price for 48 SPENCERS WAY of £465,000 on 31st August 2023. For the value to have increased from £465,000 to £471,598 over the eight months to December 2024, the following assumptions must hold true:

• The value of 48 SPENCERS WAY has moved in line with the HPI for detached houses in the East Riding of Yorkshire local authority area.
• The August 2023 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of 48 SPENCERS WAY has not materially changed since August 2023.

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 houses in Driffield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Driffield, and where 48 SPENCERS WAY lies on this distribution: 22% of detached houses 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.