2, BANES ROAD, BINGHAM, NOTTINGHAM, NG13 8EN - £420,000

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

2 BANES ROAD is a very large extended detached house of 154m², built sometime between 1950 and 1966. It was last sold for £420,000 in September 2020, which was around 4% above the average September 2020 detached price in the Rushcliffe local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

2 BANES ROAD Sold Prices

Land registry data shows three sales for 2 BANES ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rushcliffe local authority area for the corresponding sale date. One of the three 2 BANES ROAD sales was for above the average price, whilst two 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
2020 18 SEP	£420,000	£405,403	4% above HPI
2008 8 FEB	£203,950	£284,926	28% below HPI
2000 18 AUG	£89,000	£134,488	34% below HPI

2 BANES ROAD 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 three 2 BANES ROAD sales between August 2000 and September 2020 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 February 2008 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the September 2020 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is 2 BANES ROAD?

2 BANES ROAD is 154m², which includes three extensions, according to the EPC inspection conducted in June 2020. This puts it in the largest 20% of detached houses in Bingham, based on EPC data. The below chart shows the distribution of detached houses by size in Bingham, and where 2 BANES ROAD lies on this distribution: 85% of detached houses are smaller than 2 BANES ROAD, and 15% of houses are larger. Note that EPC data is not available for all properties in Bingham.

2 BANES ROAD: Plot and Title Map

2 BANES ROAD sits on a plot of roughly 0.099 of an acre, or 402m². The below map shows the location of 2 BANES ROAD, 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 2 BANES ROAD). 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 2 BANES ROAD?

2 BANES ROAD is located in BINGHAM, in the NG13 postcode district. The below map shows the position of No. 2 on BANES ROAD.