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 HIGH BANKS is a very large extended detached house of 246m², built sometime between 1950 and 1966. It was last sold for £762,500 in July 2020, which was around 53% above the average July 2020 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was July 2016, where the current energy rating was C, and the potential energy rating was C.
Land registry data shows four sales for 2 HIGH BANKS since 1st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Central Bedfordshire local authority area for the corresponding sale date. All of the four 2 HIGH BANKS sales were for above 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 13 JUL | £762,500 | £496,799 | 53% above HPI |
2010 25 AUG | £590,000 | £320,712 | 84% above HPI |
2003 30 SEP | £420,000 | £272,218 | 54% above HPI |
1996 3 MAY | £195,000 | £98,691 | 98% above HPI |
The below graph shows the average detached house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The four 2 HIGH BANKS sales between May 1996 and July 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 August 2010 sale was for 84% above the HPI. So the extrapolation line tracks at 84% above the HPI over time, until the July 2020 sale, where it falls to 53% above the HPI. The line then continues to track at 53% above the HPI.
2 HIGH BANKS is 246m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the largest 10% of detached houses in Stanbridge, based on EPC data. The below chart shows the distribution of detached houses by size in Stanbridge, and where 2 HIGH BANKS lies on this distribution: 91% of detached houses are smaller than 2 HIGH BANKS, and 9% of houses are larger. Note that EPC data is not available for all properties in Stanbridge.
2 HIGH BANKS sits on a plot of roughly 0.420 of an acre, or 1,699m². The below map shows the location of 2 HIGH 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 2 HIGH 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.
2 HIGH BANKS is located in STANBRIDGE, in the LU7 postcode district. The below map shows the position of No. 2 on HIGH BANKS.