4, BANKS CLOSE, ANDOVER, SP10 3JG - £157,000

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.

4 BANKS CLOSE is a very small detached house of 45m², built sometime between 2003 and 2006, which could now be worth an estimated £261,765. It was last sold for £157,000 in April 2011, which was around 58% below the average April 2011 detached price in the Test Valley local authority area. The most recent EPC inspection was July 2009, where the current energy rating was C, and the potential energy rating was C.

4 BANKS CLOSE Sold Prices

Land registry data shows two sales for 4 BANKS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Test Valley local authority area for the corresponding sale date. Both of the two 4 BANKS CLOSE 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
2011 8 APR	£157,000	£369,900	58% below HPI
2005 7 MAR	£152,500	£307,929	50% below HPI

4 BANKS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Test Valley local authority area over time, sourced from the HPI. The two 4 BANKS CLOSE sales from March 2005 and April 2011 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 March 2005 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the April 2011 sale, where it falls to 58% below the HPI. The line then continues to track at 58% below the HPI.

What might 4 BANKS CLOSE be worth now?

4 BANKS CLOSE might now be worth an estimated £261,765.

This is based on house price inflation of 66.7%, between April 2011 and February 2025, for detached houses, in the Test Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 66.7% inflationary increase is applied to the most recent sale price for 4 BANKS CLOSE of £157,000 on 8th April 2011. For the value to have increased from £157,000 to £261,765 over the fourteen years and two months to February 2025, the following assumptions must hold true:

• The value of 4 BANKS CLOSE has moved in line with the HPI for detached houses in the Test Valley local authority area.
• The April 2011 sale price of £157,000 represented a fair market value for the property.
• The size, condition, and specification of 4 BANKS CLOSE has not materially changed since April 2011.

How Large is 4 BANKS CLOSE?

4 BANKS CLOSE is 45m² according to the EPC inspection conducted in July 2009. This puts it in the smallest 10% of detached houses houses in Andover, based on EPC data. The below chart shows the distribution of detached houses houses by size in Andover, and where 4 BANKS CLOSE lies on this distribution: Less than 1% of detached houses houses are smaller than 4 BANKS CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Andover.

4 BANKS CLOSE: Plot and Title Map

4 BANKS CLOSE sits on a plot of roughly 0.034 of an acre, or 138m². The below map shows the location of 4 BANKS CLOSE, 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 4 BANKS CLOSE). 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 4 BANKS CLOSE?

4 BANKS CLOSE is located in ANDOVER, in the SP10 postcode district. The below map shows the position of No. 4 on BANKS CLOSE.