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

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.

2 BANES ROAD is a very large extended detached house of 154m², built sometime between 1950 and 1966, which could now be worth an estimated £518,227. 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	£405,422	4% above HPI
2008 8 FEB	£203,950	£284,939	28% below HPI
2000 18 AUG	£89,000	£134,494	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.

What might 2 BANES ROAD be worth now?

2 BANES ROAD might now be worth an estimated £518,227.

This is based on house price inflation of 23.4%, between September 2020 and February 2025, for detached houses, in the Rushcliffe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.4% inflationary increase is applied to the most recent sale price for 2 BANES ROAD of £420,000 on 18th September 2020. For the value to have increased from £420,000 to £518,227 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 BANES ROAD has moved in line with the HPI for detached houses in the Rushcliffe local authority area.
• The September 2020 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BANES ROAD has not materially changed since September 2020.

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 houses in Bingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bingham, and where 2 BANES ROAD lies on this distribution: 85% of detached houses 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.