2, THE BANK, SOMERSHAM, HUNTINGDON, PE28 3DJ - £775,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 THE BANK is a very large extended detached house of 241m², built sometime between 1976 and 1982. It was last sold for £775,000 in October 2022, which was around 60% above the average October 2022 detached price in the Huntingdonshire local authority area. The most recent EPC inspection was March 2016, where the current energy rating was A, and the potential energy rating was A.

2 THE BANK Sold Prices

Land registry data shows three sales for 2 THE BANK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Huntingdonshire local authority area for the corresponding sale date. All of the three 2 THE BANK 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
2022 28 OCT	£775,000	£485,174	60% above HPI
2015 16 DEC	£502,000	£343,127	46% above HPI
1995 1 DEC	£125,000	£83,037	51% above HPI

2 THE BANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Huntingdonshire local authority area over time, sourced from the HPI. The three 2 THE BANK sales between December 1995 and October 2022 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 December 2015 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the October 2022 sale, where it rises to 60% above the HPI. The line then continues to track at 60% above the HPI.

How Large is 2 THE BANK?

2 THE BANK is 241m², which includes one extension, according to the EPC inspection conducted in March 2016. This puts it in the largest 10% of detached houses in Somersham, based on EPC data. The below chart shows the distribution of detached houses by size in Somersham, and where 2 THE BANK lies on this distribution: 98% of detached houses are smaller than 2 THE BANK, and 2% of houses are larger. Note that EPC data is not available for all properties in Somersham.

2 THE BANK: Plot and Title Map

2 THE BANK sits on a plot of roughly 0.496 of an acre, or 2,008m². The below map shows the location of 2 THE BANK, 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 THE BANK). 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 THE BANK?

2 THE BANK is located in SOMERSHAM, in the PE28 postcode district. The below map shows the position of No. 2 on THE BANK.