2A, THE BANKS, WELLINGBOROUGH, NN9 5YX - £250,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2A THE BANKS is a midsized detached house of 103m², built sometime between 1967 and 1975. It was last sold for £250,000 in February 2022, which was around 35% below the average February 2022 detached price in the North Northamptonshire local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

2A THE BANKS Sold Prices

Land registry data shows two sales for 2A 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 North Northamptonshire local authority area for the corresponding sale date. Both of the two 2A THE BANKS 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
2022 11 FEB	£250,000	£383,146	35% below HPI
2008 6 JUN	£178,500	£227,812	22% below HPI

2A THE BANKS Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Northamptonshire local authority area over time, sourced from the HPI. The two 2A THE BANKS sales from June 2008 and February 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 June 2008 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the February 2022 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 2A THE BANKS be worth now?

2A THE BANKS might now be worth an estimated £267,161.

This is based on house price inflation of 6.9%, between February 2022 and December 2024, for detached houses, in the North Northamptonshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.9% inflationary increase is applied to the most recent sale price for 2A THE BANKS of £250,000 on 11th February 2022. For the value to have increased from £250,000 to £267,161 over the one year and two months to December 2024, the following assumptions must hold true:

• The value of 2A THE BANKS has moved in line with the HPI for detached houses in the North Northamptonshire local authority area.
• The February 2022 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 2A THE BANKS has not materially changed since February 2022.

How Large is 2A THE BANKS?

2A THE BANKS is 103m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 50% of detached houses houses in Wellingborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wellingborough, and where 2A THE BANKS lies on this distribution: 40% of detached houses houses are smaller than 2A THE BANKS, and 57% of houses are larger. Note that EPC data is not available for all properties in Wellingborough.

2A THE BANKS: Plot and Title Map

2A THE BANKS sits on a plot of roughly 0.066 of an acre, or 267m². The below map shows the location of 2A 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 2A 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 2A THE BANKS?

2A THE BANKS is located in WELLINGBOROUGH, in the NN9 postcode district. The below map shows the position of No. 2A on THE BANKS.