47, DRIFFIELD WAY, BILLINGHAM, TS23 3RD - £99,000

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.

47 DRIFFIELD WAY is a very small semi-detached house of 60m², built sometime between 1983 and 1990, which could now be worth an estimated £115,675. It was last sold for £99,000 in March 2021, which was around 27% below the average March 2021 semi-detached price in the Stockton-on-Tees local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was B.

47 DRIFFIELD WAY Sold Prices

Land registry data shows three sales for 47 DRIFFIELD WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Stockton-on-Tees local authority area for the corresponding sale date. All of the three 47 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
2021 12 MAR	£99,000	£135,709	27% below HPI
2010 29 MAR	£94,000	£116,335	19% below HPI
1995 24 NOV	£34,500	£41,664	17% below HPI

47 DRIFFIELD WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Stockton-on-Tees local authority area over time, sourced from the HPI. The three 47 DRIFFIELD WAY sales between November 1995 and March 2021 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 March 2010 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the March 2021 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 47 DRIFFIELD WAY be worth now?

47 DRIFFIELD WAY might now be worth an estimated £115,675.

This is based on house price inflation of 16.8%, between March 2021 and March 2025, for semi-detached houses, in the Stockton-on-Tees local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.8% inflationary increase is applied to the most recent sale price for 47 DRIFFIELD WAY of £99,000 on 12th March 2021. For the value to have increased from £99,000 to £115,675 over the four years to March 2025, the following assumptions must hold true:

• The value of 47 DRIFFIELD WAY has moved in line with the HPI for semi-detached houses in the Stockton-on-Tees local authority area.
• The March 2021 sale price of £99,000 represented a fair market value for the property.
• The size, condition, and specification of 47 DRIFFIELD WAY has not materially changed since March 2021.

How Large is 47 DRIFFIELD WAY?

47 DRIFFIELD WAY is 60m² according to the EPC inspection conducted in November 2020. This puts it in the smallest 10% of semi-detached houses houses in Billingham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Billingham, and where 47 DRIFFIELD WAY lies on this distribution: 2% of semi-detached houses houses are smaller than 47 DRIFFIELD WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Billingham.

47 DRIFFIELD WAY: Plot and Title Map

47 DRIFFIELD WAY sits on a plot of roughly 0.045 of an acre, or 183m². The below map shows the location of 47 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 47 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 47 DRIFFIELD WAY?

47 DRIFFIELD WAY is located in BILLINGHAM, in the TS23 postcode district. The below map shows the position of No. 47 on DRIFFIELD WAY.