5, GARVEY WAY, HEDON, HULL, HU12 8RD - £195,000

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.

5 GARVEY WAY is a midsized detached house of 97m², built sometime between 1996 and 2002, which could now be worth an estimated £308,593. It was last sold for £195,000 in May 2014, which was around 10% below the average May 2014 detached price in the East Riding of Yorkshire local authority area. The most recent EPC inspection was July 2009, where the current energy rating was D, and the potential energy rating was D.

5 GARVEY WAY Sold Prices

Land registry data shows four sales for 5 GARVEY 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. Most of the four 5 GARVEY 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
2014 16 MAY	£195,000	£215,580	10% below HPI
2010 7 JUN	£195,000	£212,736	8% below HPI
2007 16 FEB	£217,000	£219,463	1% below HPI
2001 1 JUL	£106,950	£94,899	13% above HPI

5 GARVEY 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 5 GARVEY WAY sales between July 2001 and May 2014 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 June 2010 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the May 2014 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 5 GARVEY WAY be worth now?

5 GARVEY WAY might now be worth an estimated £308,593.

This is based on house price inflation of 58.3%, between May 2014 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 58.3% inflationary increase is applied to the most recent sale price for 5 GARVEY WAY of £195,000 on 16th May 2014. For the value to have increased from £195,000 to £308,593 over the eleven years and three months to February 2025, the following assumptions must hold true:

• The value of 5 GARVEY WAY has moved in line with the HPI for detached houses in the East Riding of Yorkshire local authority area.
• The May 2014 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GARVEY WAY has not materially changed since May 2014.

How Large is 5 GARVEY WAY?

5 GARVEY WAY is 97m² according to the EPC inspection conducted in July 2009. This puts it in the smallest 50% of detached houses houses in Hedon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hedon, and where 5 GARVEY WAY lies on this distribution: 46% of detached houses houses are smaller than 5 GARVEY WAY, and 53% of houses are larger. Note that EPC data is not available for all properties in Hedon.

5 GARVEY WAY: Plot and Title Map

5 GARVEY WAY sits on a plot of roughly 0.091 of an acre, or 370m². The below map shows the location of 5 GARVEY 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 GARVEY 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 GARVEY WAY?

5 GARVEY WAY is located in HEDON, in the HU12 postcode district. The below map shows the position of No. 5 on GARVEY WAY.