50, THE BANKS, BINGHAM, NOTTINGHAM, NG13 8BT - £787,000

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.

50 THE BANKS is a very large extended detached house of 186m², built sometime before 1900, which could now be worth an estimated £837,406. It was last sold for £787,000 in September 2022, which was around 67% above the average September 2022 detached price in the Rushcliffe local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was C.

50 THE BANKS Sold Prices

Land registry data shows two sales for 50 THE BANKS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rushcliffe local authority area for the corresponding sale date. Both of the two 50 THE BANKS sales were for above 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
2022 13 SEP	£787,000	£470,129	67% above HPI
2014 4 JUN	£575,000	£286,764	101% above HPI

50 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 two 50 THE BANKS sales from June 2014 and September 2022 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 June 2014 sale was for 101% above the HPI. So the extrapolation line tracks at 101% above the HPI over time, until the September 2022 sale, where it falls to 67% above the HPI. The line then continues to track at 67% above the HPI.

What might 50 THE BANKS be worth now?

50 THE BANKS might now be worth an estimated £837,406.

This is based on house price inflation of 6.4%, between September 2022 and February 2025, 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 6.4% inflationary increase is applied to the most recent sale price for 50 THE BANKS of £787,000 on 13th September 2022. For the value to have increased from £787,000 to £837,406 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 50 THE BANKS has moved in line with the HPI for detached houses in the Rushcliffe local authority area.
• The September 2022 sale price of £787,000 represented a fair market value for the property.
• The size, condition, and specification of 50 THE BANKS has not materially changed since September 2022.

How Large is 50 THE BANKS?

50 THE BANKS is 186m², which includes one extension, according to the EPC inspection conducted in September 2013. This puts it in the largest 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 50 THE BANKS lies on this distribution: 94% of detached houses houses are smaller than 50 THE BANKS, and 6% of houses are larger. Note that EPC data is not available for all properties in Bingham.

50 THE BANKS: Plot and Title Map

50 THE BANKS sits on a plot of roughly 0.277 of an acre, or 1,123m². The below map shows the location of 50 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 50 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 50 THE BANKS?

50 THE BANKS is located in BINGHAM, in the NG13 postcode district. The below map shows the position of No. 50 on THE BANKS.