1948 Speedway National League Division Three
| League | National League Division Three |
|---|---|
| Season | 1948 |
| Champions | Exeter Falcons |
| No. of competitors | 12 |
Final table
| Team | PL | W | D | L | Pts |
| Exeter Falcons | 44 | 32 | 1 | 11 | 65 |
| Cradley Heath Cubs | 44 | 29 | 2 | 13 | 60 |
| Southampton Saints | 44 | 29 | 0 | 15 | 58 |
| Tamworth Hounds | 44 | 23 | 4 | 17 | 50 |
| Hanley Potters | 44 | 24 | 1 | 19 | 49 |
| Hastings Saxons | 44 | 22 | 0 | 22 | 44 |
| Plymouth Devils | 44 | 21 | 2 | 22 | 43 |
| Coventry Bees | 44 | 19 | 1 | 24 | 39 |
| Hull Angels | 44 | 19 | 0 | 25 | 38 |
| Poole Pirates | 44 | 17 | 0 | 27 | 34 |
| Yarmouth Bloaters | 44 | 13 | 1 | 30 | 27 |
| Wombwell Colliers | 44 | 10 | 1 | 33 | 21 |
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