4, BANKS CLOSE, CLEVEDON, BS21 5DF - £270,000

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 70m², built sometime between 1976 and 1982, which could now be worth an estimated £314,189. It was last sold for £270,000 in November 2020, which was around 41% below the average November 2020 detached price in the North Somerset local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

4 BANKS CLOSE Sold Prices

Land registry data shows three sales for 4 BANKS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Somerset local authority area for the corresponding sale date. All of the three 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
2020 27 NOV	£270,000	£454,621	41% below HPI
2015 29 OCT	£230,000	£363,240	37% below HPI
1998 8 MAY	£75,000	£115,233	35% below HPI

4 BANKS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Somerset local authority area over time, sourced from the HPI. The three 4 BANKS CLOSE sales between May 1998 and November 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 October 2015 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the November 2020 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 4 BANKS CLOSE be worth now?

4 BANKS CLOSE might now be worth an estimated £314,189.

This is based on house price inflation of 16.4%, between November 2020 and February 2025, for detached houses, in the North Somerset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.4% inflationary increase is applied to the most recent sale price for 4 BANKS CLOSE of £270,000 on 27th November 2020. For the value to have increased from £270,000 to £314,189 over the five years and nine 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 North Somerset local authority area.
• The November 2020 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 4 BANKS CLOSE has not materially changed since November 2020.

How Large is 4 BANKS CLOSE?

4 BANKS CLOSE is 70m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 10% of detached houses houses in Clevedon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Clevedon, and where 4 BANKS CLOSE lies on this distribution: 8% of detached houses houses are smaller than 4 BANKS CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Clevedon.

4 BANKS CLOSE: Plot and Title Map

4 BANKS CLOSE sits on a plot of roughly 0.048 of an acre, or 193m². 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 CLEVEDON, in the BS21 postcode district. The below map shows the position of No. 4 on BANKS CLOSE.