5, SPENCERS MEAD, DRIFFIELD, YO25 6RJ - £245,000

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 SPENCERS MEAD is a small extended detached house of 81m², built sometime between 1950 and 1966. It was last sold for £245,000 in June 2024, which was around 25% below the average June 2024 detached price in the East Riding of Yorkshire local authority area. The most recent EPC inspection was March 2024, where the current energy rating was D, and the potential energy rating was C.

5 SPENCERS MEAD Sold Prices

Land registry data shows two sales for 5 SPENCERS MEAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Riding of Yorkshire local authority area for the corresponding sale date. Both of the two 5 SPENCERS MEAD 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
2024 18 JUN	£245,000	£326,700	25% below HPI
2014 19 DEC	£162,000	£222,170	27% below HPI

5 SPENCERS MEAD 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 two 5 SPENCERS MEAD sales from December 2014 and June 2024 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 December 2014 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the June 2024 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 5 SPENCERS MEAD?

5 SPENCERS MEAD is 81m², which includes one extension, according to the EPC inspection conducted in March 2024. 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 5 SPENCERS MEAD lies on this distribution: 21% of detached houses are smaller than 5 SPENCERS MEAD, and 78% of houses are larger. Note that EPC data is not available for all properties in Driffield.

5 SPENCERS MEAD: Plot and Title Map

5 SPENCERS MEAD sits on a plot of roughly 0.093 of an acre, or 378m². The below map shows the location of 5 SPENCERS MEAD, 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 SPENCERS MEAD). 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 SPENCERS MEAD?

5 SPENCERS MEAD is located in DRIFFIELD, in the YO25 postcode district. The below map shows the position of No. 5 on SPENCERS MEAD.