1, BANKS LANE, STANSTED, CM24 8FT - £800,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 BANKS LANE is a very large extended detached house of 195m², built sometime between 2007 and 2011. It was last sold for £800,000 in July 2022, which was around 16% above the average July 2022 detached price in the Uttlesford local authority area. The most recent EPC inspection was November 2021, where the current energy rating was C, and the potential energy rating was B.

1 BANKS LANE Sold Prices

Land registry data shows two sales for 1 BANKS LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Uttlesford local authority area for the corresponding sale date. Both of the two 1 BANKS LANE 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
2022 6 JUL	£800,000	£691,773	16% above HPI
2012 30 MAR	£480,000	£391,278	23% above HPI

1 BANKS LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Uttlesford local authority area over time, sourced from the HPI. The two 1 BANKS LANE sales from March 2012 and July 2022 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 2012 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the July 2022 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is 1 BANKS LANE?

1 BANKS LANE is 195m², which includes two extensions, according to the EPC inspection conducted in November 2021. This puts it in the largest 20% of detached houses in Stansted Mountfitchet, based on EPC data. The below chart shows the distribution of detached houses by size in Stansted Mountfitchet, and where 1 BANKS LANE lies on this distribution: 86% of detached houses are smaller than 1 BANKS LANE, and 14% of houses are larger. Note that EPC data is not available for all properties in Stansted Mountfitchet.

1 BANKS LANE: Plot and Title Map

1 BANKS LANE sits on a plot of roughly 0.087 of an acre, or 353m². The below map shows the location of 1 BANKS LANE, 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 1 BANKS LANE). 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 1 BANKS LANE?

1 BANKS LANE is located in STANSTED, in the CM24 postcode district. The below map shows the position of No. 1 on BANKS LANE.