3, THE GROVES, DRIFFIELD, YO25 5YZ - £295,000

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.

3 THE GROVES is a very large extended detached house of 178m², built sometime between 1976 and 1982, which could now be worth an estimated £458,729. It was last sold for £295,000 in May 2014, which was around 37% above the average May 2014 detached price in the East Riding of Yorkshire local authority area. The most recent EPC inspection was November 2011, where the current energy rating was D, and the potential energy rating was C.

3 THE GROVES Sold Prices

Land registry data shows three sales for 3 THE GROVES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Riding of Yorkshire local authority area for the corresponding sale date. All of the three 3 THE GROVES 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
2014 28 MAY	£295,000	£215,580	37% above HPI
2002 15 NOV	£178,000	£134,699	32% above HPI
1998 8 APR	£112,000	£76,967	46% above HPI

3 THE GROVES 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 three 3 THE GROVES sales between April 1998 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 November 2002 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the May 2014 sale, where it rises to 37% above the HPI. The line then continues to track at 37% above the HPI.

What might 3 THE GROVES be worth now?

3 THE GROVES might now be worth an estimated £458,729.

This is based on house price inflation of 55.5%, between May 2014 and April 2026, 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 55.5% inflationary increase is applied to the most recent sale price for 3 THE GROVES of £295,000 on 28th May 2014. For the value to have increased from £295,000 to £458,729 over the twelve years and one month to April 2026, the following assumptions must hold true:

• The value of 3 THE GROVES 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 £295,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE GROVES has not materially changed since May 2014.

How Large is 3 THE GROVES?

3 THE GROVES is 178m², which includes one extension, according to the EPC inspection conducted in November 2011. This puts it in the largest 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 3 THE GROVES lies on this distribution: 95% of detached houses houses are smaller than 3 THE GROVES, and 5% of houses are larger. Note that EPC data is not available for all properties in Driffield.

3 THE GROVES: Plot and Title Map

3 THE GROVES sits on a plot of roughly 0.208 of an acre, or 843m². The below map shows the location of 3 THE GROVES, 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 3 THE GROVES). 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 3 THE GROVES?

3 THE GROVES is located in DRIFFIELD, in the YO25 postcode district. The below map shows the position of No. 3 on THE GROVES.