7, THE FORGE, DRIFFIELD, YO25 6QL - £114,000

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.

7 THE FORGE is a very small semi-detached house of 60m², built sometime between 1996 and 2002, which could now be worth an estimated £188,624. It was last sold for £114,000 in April 2013, which was around 11% below the average April 2013 semi-detached price in the East Riding of Yorkshire local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

7 THE FORGE Sold Prices

Land registry data shows two sales for 7 THE FORGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the East Riding of Yorkshire local authority area for the corresponding sale date. Both of the two 7 THE FORGE 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
2013 12 APR	£114,000	£128,427	11% below HPI
2006 30 JUN	£125,000	£137,531	9% below HPI

7 THE FORGE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Riding of Yorkshire local authority area over time, sourced from the HPI. The two 7 THE FORGE sales from June 2006 and April 2013 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 2006 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the April 2013 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 7 THE FORGE be worth now?

7 THE FORGE might now be worth an estimated £188,624.

This is based on house price inflation of 65.5%, between April 2013 and April 2026, for semi-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 65.5% inflationary increase is applied to the most recent sale price for 7 THE FORGE of £114,000 on 12th April 2013. For the value to have increased from £114,000 to £188,624 over the thirteen years to April 2026, the following assumptions must hold true:

• The value of 7 THE FORGE has moved in line with the HPI for semi-detached houses in the East Riding of Yorkshire local authority area.
• The April 2013 sale price of £114,000 represented a fair market value for the property.
• The size, condition, and specification of 7 THE FORGE has not materially changed since April 2013.

How Large is 7 THE FORGE?

7 THE FORGE is 60m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 10% of semi-detached houses houses in Driffield, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Driffield, and where 7 THE FORGE lies on this distribution: 4% of semi-detached houses houses are smaller than 7 THE FORGE, and 95% of houses are larger. Note that EPC data is not available for all properties in Driffield.

7 THE FORGE: Plot and Title Map

7 THE FORGE sits on a plot of roughly 0.030 of an acre, or 123m². The below map shows the location of 7 THE FORGE, 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 7 THE FORGE). 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 7 THE FORGE?

7 THE FORGE is located in DRIFFIELD, in the YO25 postcode district. The below map shows the position of No. 7 on THE FORGE.