12, THE AVENUE, DRIFFIELD, YO25 5HS - £140,000

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.

12 THE AVENUE is a very large extended semi-detached house of 101m², built sometime between 1950 and 1966, which could now be worth an estimated £231,394. It was last sold for £140,000 in May 2012, which was around 8% above the average May 2012 semi-detached price in the East Riding of Yorkshire local authority area. The most recent EPC inspection was February 2012, where the current energy rating was E, and the potential energy rating was D.

12 THE AVENUE Sold Prices

Land registry data shows three sales for 12 THE AVENUE 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 East Riding of Yorkshire local authority area for the corresponding sale date. All of the three 12 THE AVENUE 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
2012 4 MAY	£140,000	£129,319	8% above HPI
2007 30 NOV	£170,000	£147,527	15% above HPI
1995 31 OCT	£54,950	£45,632	20% above HPI

12 THE AVENUE 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 12 THE AVENUE sales between October 1995 and May 2012 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 2007 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the May 2012 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 12 THE AVENUE be worth now?

12 THE AVENUE might now be worth an estimated £231,394.

This is based on house price inflation of 65.3%, between May 2012 and May 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 65.3% inflationary increase is applied to the most recent sale price for 12 THE AVENUE of £140,000 on 4th May 2012. For the value to have increased from £140,000 to £231,394 over the fourteen years to May 2026, the following assumptions must hold true:

• The value of 12 THE AVENUE has moved in line with the HPI for semi-detached houses in the East Riding of Yorkshire local authority area.
• The May 2012 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of 12 THE AVENUE has not materially changed since May 2012.

How Large is 12 THE AVENUE?

12 THE AVENUE is 101m², which includes two extensions, according to the EPC inspection conducted in February 2012. This puts it in the largest 20% of semi-detached houses in Driffield, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Driffield, and where 12 THE AVENUE lies on this distribution: 86% of semi-detached houses are smaller than 12 THE AVENUE, and 13% of semi-detached houses are larger. Note that EPC data is not available for all properties in Driffield.

Where is 12 THE AVENUE?

12 THE AVENUE is located in DRIFFIELD, in the YO25 postcode district. The below map shows the position of No. 12 on THE AVENUE.