14, THE BANKS, BINGHAM, NOTTINGHAM, NG13 8BL - £243,500

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

14 THE BANKS is a small detached house of 94m², built sometime between 1950 and 1966. It was last sold for £243,500 in January 2016, which was around 27% below the average January 2016 detached price in the Rushcliffe local authority area. The most recent EPC inspection was December 2014, where the current energy rating was D, and the potential energy rating was B.

14 THE BANKS Sold Prices

Land registry data shows two sales for 14 THE BANKS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rushcliffe local authority area for the corresponding sale date. Both of the two 14 THE BANKS 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
2016 15 JAN	£243,500	£333,930	27% below HPI
1995 16 NOV	£71,000	£89,173	20% below HPI

14 THE BANKS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rushcliffe local authority area over time, sourced from the HPI. The two 14 THE BANKS sales from November 1995 and January 2016 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 November 1995 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the January 2016 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 14 THE BANKS?

14 THE BANKS is 94m² according to the EPC inspection conducted in December 2014. This puts it in the smallest 30% of detached houses in Bingham, based on EPC data. The below chart shows the distribution of detached houses by size in Bingham, and where 14 THE BANKS lies on this distribution: 28% of detached houses are smaller than 14 THE BANKS, and 71% of houses are larger. Note that EPC data is not available for all properties in Bingham.

14 THE BANKS: Plot and Title Map

14 THE BANKS sits on a plot of roughly 0.125 of an acre, or 506m². The below map shows the location of 14 THE BANKS, 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 14 THE BANKS). 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 14 THE BANKS?

14 THE BANKS is located in BINGHAM, in the NG13 postcode district. The below map shows the position of No. 14 on THE BANKS.