1, BANKS WAY, GUILDFORD, GU4 7NL - £392,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 BANKS WAY is a very small detached house of 93m², built sometime between 1976 and 1982. It was last sold for £392,500 in January 2008, which was around 28% below the average January 2008 detached price in the Guildford local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

1 BANKS WAY Sold Prices

Land registry data shows two sales for 1 BANKS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Guildford local authority area for the corresponding sale date. Both of the two 1 BANKS WAY 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
2008 31 JAN	£392,500	£541,429	28% below HPI
2000 27 OCT	£220,000	£317,634	31% below HPI

1 BANKS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Guildford local authority area over time, sourced from the HPI. The two 1 BANKS WAY sales from October 2000 and January 2008 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 October 2000 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the January 2008 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 1 BANKS WAY?

1 BANKS WAY is 93m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 20% of detached houses in Guildford, based on EPC data. The below chart shows the distribution of detached houses by size in Guildford, and where 1 BANKS WAY lies on this distribution: 16% of detached houses are smaller than 1 BANKS WAY, and 83% of houses are larger. Note that EPC data is not available for all properties in Guildford.

1 BANKS WAY: Plot and Title Map

1 BANKS WAY sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of 1 BANKS WAY, 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 WAY). 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 WAY?

1 BANKS WAY is located in GUILDFORD, in the GU4 postcode district. The below map shows the position of No. 1 on BANKS WAY.