5, DRIFFIELD WAY, BILLINGHAM, TS23 3RD - £195,000

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

5 DRIFFIELD WAY is a small detached house of 91m², built sometime between 1976 and 1982. It was last sold for £195,000 in February 2023, which was around 25% below the average February 2023 detached price in the Stockton-on-Tees local authority area. The most recent EPC inspection was June 2014, where the current energy rating was C, and the potential energy rating was B.

5 DRIFFIELD WAY Sold Prices

Land registry data shows two sales for 5 DRIFFIELD WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Stockton-on-Tees local authority area for the corresponding sale date. Both of the two 5 DRIFFIELD WAY 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
2023 24 FEB	£195,000	£258,621	25% below HPI
2008 31 OCT	£155,000	£203,122	24% below HPI

5 DRIFFIELD WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stockton-on-Tees local authority area over time, sourced from the HPI. The two 5 DRIFFIELD WAY sales from October 2008 and February 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 October 2008 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the February 2023 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 5 DRIFFIELD WAY?

5 DRIFFIELD WAY is 91m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 40% of detached houses in Billingham, based on EPC data. The below chart shows the distribution of detached houses by size in Billingham, and where 5 DRIFFIELD WAY lies on this distribution: 35% of detached houses are smaller than 5 DRIFFIELD WAY, and 65% of houses are larger. Note that EPC data is not available for all properties in Billingham.

5 DRIFFIELD WAY: Plot and Title Map

5 DRIFFIELD WAY sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 5 DRIFFIELD 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 5 DRIFFIELD 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 5 DRIFFIELD WAY?

5 DRIFFIELD WAY is located in BILLINGHAM, in the TS23 postcode district. The below map shows the position of No. 5 on DRIFFIELD WAY.