40, THE BANKS, BINGHAM, NOTTINGHAM, NG13 8BT - £330,000

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

40 THE BANKS is a very small extended detached house of 69m², built sometime between 1900 and 1929, which could now be worth an estimated £424,897. It was last sold for £330,000 in September 2018, which was around 12% below the average September 2018 detached price in the Rushcliffe local authority area. The most recent EPC inspection was May 2016, where the current energy rating was E, and the potential energy rating was B.

40 THE BANKS Sold Prices

Land registry data shows three sales for 40 THE BANKS 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 40 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
2018 28 SEP	£330,000	£374,750	12% below HPI
2016 28 OCT	£282,500	£349,640	19% below HPI
1997 8 APR	£64,000	£95,307	33% below HPI

40 THE BANKS 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 40 THE BANKS sales between April 1997 and September 2018 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 2016 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the September 2018 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 40 THE BANKS be worth now?

40 THE BANKS might now be worth an estimated £424,897.

This is based on house price inflation of 28.8%, between September 2018 and December 2024, 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 28.8% inflationary increase is applied to the most recent sale price for 40 THE BANKS of £330,000 on 28th September 2018. For the value to have increased from £330,000 to £424,897 over the five years and nine months to December 2024, the following assumptions must hold true:

• The value of 40 THE BANKS has moved in line with the HPI for detached houses in the Rushcliffe local authority area.
• The September 2018 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 40 THE BANKS has not materially changed since September 2018.

How Large is 40 THE BANKS?

40 THE BANKS is 69m², which includes one extension, according to the EPC inspection conducted in May 2016. This puts it in the smallest 10% 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 40 THE BANKS lies on this distribution: 7% of detached houses houses are smaller than 40 THE BANKS, and 93% of houses are larger. Note that EPC data is not available for all properties in Bingham.

40 THE BANKS: Plot and Title Map

40 THE BANKS sits on a plot of roughly 0.119 of an acre, or 482m². The below map shows the location of 40 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 40 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 40 THE BANKS?

40 THE BANKS is located in BINGHAM, in the NG13 postcode district. The below map shows the position of No. 40 on THE BANKS.