3, BANKS LANE, STANSTED, CM24 8FT - £365,000

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.

3 BANKS LANE is a very small semi-detached house of 69m², built sometime between 2007 and 2011, which could now be worth an estimated £377,667. It was last sold for £365,000 in November 2024, which was around 14% below the average November 2024 semi-detached price in the Uttlesford local authority area. The most recent EPC inspection was September 2024, where the current energy rating was C, and the potential energy rating was B.

3 BANKS LANE Sold Prices

Land registry data shows two sales for 3 BANKS LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Uttlesford local authority area for the corresponding sale date. Both of the two 3 BANKS LANE 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
2024 15 NOV	£365,000	£423,419	14% below HPI
2012 4 JAN	£210,000	£246,937	15% below HPI

3 BANKS LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Uttlesford local authority area over time, sourced from the HPI. The two 3 BANKS LANE sales from January 2012 and November 2024 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 January 2012 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the November 2024 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 3 BANKS LANE be worth now?

3 BANKS LANE might now be worth an estimated £377,667.

This is based on house price inflation of 3.5%, between November 2024 and February 2025, for semi-detached houses, in the Uttlesford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.5% inflationary increase is applied to the most recent sale price for 3 BANKS LANE of £365,000 on 15th November 2024. For the value to have increased from £365,000 to £377,667 over the one year and nine months to February 2025, the following assumptions must hold true:

• The value of 3 BANKS LANE has moved in line with the HPI for semi-detached houses in the Uttlesford local authority area.
• The November 2024 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 3 BANKS LANE has not materially changed since November 2024.

How Large is 3 BANKS LANE?

3 BANKS LANE is 69m² according to the EPC inspection conducted in September 2024. This puts it in the smallest 10% of semi-detached houses houses in Stansted Mountfitchet, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Stansted Mountfitchet, and where 3 BANKS LANE lies on this distribution: 3% of semi-detached houses houses are smaller than 3 BANKS LANE, and 97% of houses are larger. Note that EPC data is not available for all properties in Stansted Mountfitchet.

3 BANKS LANE: Plot and Title Map

3 BANKS LANE sits on a plot of roughly 0.045 of an acre, or 183m². The below map shows the location of 3 BANKS LANE, 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 3 BANKS LANE). 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 3 BANKS LANE?

3 BANKS LANE is located in STANSTED, in the CM24 postcode district. The below map shows the position of No. 3 on BANKS LANE.