5, BANKS CLOSE, EASINGTON, HULL, HU12 0SY - £115,000

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.

5 BANKS CLOSE is a very small detached house of 61m², built sometime between 1991 and 1995, which could now be worth an estimated £181,991. It was last sold for £115,000 in May 2014, which was around 47% below the average May 2014 detached price in the East Riding of Yorkshire local authority area. The most recent EPC inspection was December 2013, where the current energy rating was D, and the potential energy rating was B.

5 BANKS CLOSE Sold Prices

Land registry data shows five sales for 5 BANKS CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Riding of Yorkshire local authority area for the corresponding sale date. All of the five 5 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
2014 12 MAY	£115,000	£215,580	47% below HPI
2010 15 SEP	£129,950	£215,778	40% below HPI
2003 10 OCT	£99,000	£158,569	38% below HPI
2002 15 MAY	£65,950	£111,138	41% below HPI
1996 26 NOV	£48,000	£76,760	37% below HPI

5 BANKS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Riding of Yorkshire local authority area over time, sourced from the HPI. The five 5 BANKS CLOSE sales between November 1996 and May 2014 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 September 2010 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the May 2014 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

What might 5 BANKS CLOSE be worth now?

5 BANKS CLOSE might now be worth an estimated £181,991.

This is based on house price inflation of 58.3%, between May 2014 and February 2025, for detached houses, in the East Riding of Yorkshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 58.3% inflationary increase is applied to the most recent sale price for 5 BANKS CLOSE of £115,000 on 12th May 2014. For the value to have increased from £115,000 to £181,991 over the eleven years and three months to February 2025, the following assumptions must hold true:

• The value of 5 BANKS CLOSE has moved in line with the HPI for detached houses in the East Riding of Yorkshire local authority area.
• The May 2014 sale price of £115,000 represented a fair market value for the property.
• The size, condition, and specification of 5 BANKS CLOSE has not materially changed since May 2014.

How Large is 5 BANKS CLOSE?

5 BANKS CLOSE is 61m² according to the EPC inspection conducted in December 2013. This puts it in the smallest 20% of detached houses houses in Easington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Easington, and where 5 BANKS CLOSE lies on this distribution: 11% of detached houses houses are smaller than 5 BANKS CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Easington.

5 BANKS CLOSE: Plot and Title Map

5 BANKS CLOSE sits on a plot of roughly 0.088 of an acre, or 358m². The below map shows the location of 5 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 5 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 5 BANKS CLOSE?

5 BANKS CLOSE is located in EASINGTON, in the HU12 postcode district. The below map shows the position of No. 5 on BANKS CLOSE.