29, MEDWAY DRIVE, BINGHAM, NOTTINGHAM, NG13 8YD - £165,500

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.

29 MEDWAY DRIVE is a small extended detached house of 88m², built sometime from 2007 onwards, which could now be worth an estimated £206,495. It was last sold for £165,500 in October 2020, which was around 59% below the average October 2020 detached price in the Rushcliffe local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was C.

29 MEDWAY DRIVE Sold Prices

Land registry data shows three sales for 29 MEDWAY DRIVE 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. All of the three 29 MEDWAY DRIVE sales 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 6 OCT	£165,500	£400,929	59% below HPI
2014 31 JUL	£134,950	£291,931	54% below HPI
2009 28 AUG	£114,950	£254,253	55% below HPI

29 MEDWAY DRIVE 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 29 MEDWAY DRIVE sales between August 2009 and October 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 July 2014 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the October 2020 sale, where it falls to 59% below the HPI. The line then continues to track at 59% below the HPI.

What might 29 MEDWAY DRIVE be worth now?

29 MEDWAY DRIVE might now be worth an estimated £206,495.

This is based on house price inflation of 24.8%, between October 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 24.8% inflationary increase is applied to the most recent sale price for 29 MEDWAY DRIVE of £165,500 on 6th October 2020. For the value to have increased from £165,500 to £206,495 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 29 MEDWAY DRIVE has moved in line with the HPI for detached houses in the Rushcliffe local authority area.
• The October 2020 sale price of £165,500 represented a fair market value for the property.
• The size, condition, and specification of 29 MEDWAY DRIVE has not materially changed since October 2020.

How Large is 29 MEDWAY DRIVE?

29 MEDWAY DRIVE is 88m², which includes one extension, according to the EPC inspection conducted in February 2020. This puts it in the smallest 30% 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 29 MEDWAY DRIVE lies on this distribution: 21% of detached houses houses are smaller than 29 MEDWAY DRIVE, and 79% of houses are larger. Note that EPC data is not available for all properties in Bingham.

29 MEDWAY DRIVE: Plot and Title Map

29 MEDWAY DRIVE sits on a plot of roughly 0.041 of an acre, or 166m². The below map shows the location of 29 MEDWAY DRIVE, 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 29 MEDWAY DRIVE). 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 29 MEDWAY DRIVE?

29 MEDWAY DRIVE is located in BINGHAM, in the NG13 postcode district. The below map shows the position of No. 29 on MEDWAY DRIVE.