Cognitive radio is being intensively researched for opportunistic access to the so-called TV White Spaces (TVWS): large portions of the VHF/UHF TV bands which become available on a geographical basis after the digital switchover. Using accurate digital TV (DTV) coverage maps together with a database of DTV transmitters, we develop a methodology for identifying TVWS frequencies at any given location in the United Kingdom. We use our methodology to investigate variations in TVWS as a function of the location and transmit power of cognitive radios, and examine how constraints on adjacent channel interference imposed by regulators may affect the results. Our analysis provides a realistic view on the spectrum opportunity associated with cognitive devices, and presents the first quantitative study of the availability and frequency composition of TWVS outside the United States.