8, MILL RISE, DRIFFIELD, YO25 5BL - £255,000

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.

8 MILL RISE is a very small detached house of 63m², built sometime between 1983 and 1990, which could now be worth an estimated £275,939. It was last sold for £255,000 in July 2022, which was around 19% below the average July 2022 detached price in the East Riding of Yorkshire local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was B.

8 MILL RISE Sold Prices

Land registry data shows four sales for 8 MILL RISE 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 8 MILL RISE 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
2022 6 JUL	£255,000	£315,273	19% below HPI
2015 6 FEB	£146,000	£220,879	34% below HPI
2006 15 DEC	£147,500	£217,808	32% below HPI
2002 24 SEP	£91,500	£127,988	29% below HPI

8 MILL RISE 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 8 MILL RISE sales between September 2002 and July 2022 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 February 2015 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the July 2022 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 8 MILL RISE be worth now?

8 MILL RISE might now be worth an estimated £275,939.

This is based on house price inflation of 8.2%, between July 2022 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 8.2% inflationary increase is applied to the most recent sale price for 8 MILL RISE of £255,000 on 6th July 2022. For the value to have increased from £255,000 to £275,939 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 8 MILL RISE has moved in line with the HPI for detached houses in the East Riding of Yorkshire local authority area.
• The July 2022 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MILL RISE has not materially changed since July 2022.

How Large is 8 MILL RISE?

8 MILL RISE is 63m² according to the EPC inspection conducted in July 2018. This puts it in the smallest 10% 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 8 MILL RISE lies on this distribution: 5% of detached houses houses are smaller than 8 MILL RISE, and 94% of houses are larger. Note that EPC data is not available for all properties in Driffield.

8 MILL RISE: Plot and Title Map

8 MILL RISE sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 8 MILL RISE, 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 8 MILL RISE). 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 8 MILL RISE?

8 MILL RISE is located in DRIFFIELD, in the YO25 postcode district. The below map shows the position of No. 8 on MILL RISE.