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

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.

1 BANKS WAY is a very small detached house of 93m², built sometime between 1976 and 1982, which could now be worth an estimated £648,196. It was last sold for £392,500 in January 2008, which was around 31% 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	£568,052	31% below HPI
2000 27 OCT	£220,000	£333,253	34% 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 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the January 2008 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 1 BANKS WAY be worth now?

1 BANKS WAY might now be worth an estimated £648,196.

This is based on house price inflation of 65.1%, between January 2008 and February 2025, for detached houses, in the Guildford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 65.1% inflationary increase is applied to the most recent sale price for 1 BANKS WAY of £392,500 on 31st January 2008. For the value to have increased from £392,500 to £648,196 over the sixteen years and eleven months to February 2025, the following assumptions must hold true:

• The value of 1 BANKS WAY has moved in line with the HPI for detached houses in the Guildford local authority area.
• The January 2008 sale price of £392,500 represented a fair market value for the property.
• The size, condition, and specification of 1 BANKS WAY has not materially changed since January 2008.

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 houses in Guildford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Guildford, and where 1 BANKS WAY lies on this distribution: 16% of detached houses 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.