25, THE BANKS, BINGHAM, NOTTINGHAM, NG13 8BT - £555,000

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

25 THE BANKS is a very large extended detached house of 270m², built sometime between 2003 and 2006. It was last sold for £555,000 in May 2009, which was around 131% above the average May 2009 detached price in the Rushcliffe local authority area. The most recent EPC inspection was October 2008, where the current energy rating was C, and the potential energy rating was C.

25 THE BANKS Sold Prices

Land registry data shows two sales for 25 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. One of the two 25 THE BANKS sales was for above the average price, whilst the other was 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
2009 29 MAY	£555,000	£240,604	131% above HPI
2005 18 APR	£225,000	£252,568	11% below HPI

25 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 25 THE BANKS sales from April 2005 and May 2009 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 April 2005 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the May 2009 sale, where it rises to 131% above the HPI. The line then continues to track at 131% above the HPI.

How Large is 25 THE BANKS?

25 THE BANKS is 270m², which includes one extension, according to the EPC inspection conducted in October 2008. This puts it in the largest 10% of detached houses in Bingham, based on EPC data. The below chart shows the distribution of detached houses by size in Bingham, and where 25 THE BANKS lies on this distribution: 99% of detached houses are smaller than 25 THE BANKS, and 1% of houses are larger. Note that EPC data is not available for all properties in Bingham.

25 THE BANKS: Plot and Title Map

25 THE BANKS sits on a plot of roughly 0.294 of an acre, or 1,190m². The below map shows the location of 25 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 25 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 25 THE BANKS?

25 THE BANKS is located in BINGHAM, in the NG13 postcode district. The below map shows the position of No. 25 on THE BANKS.