56, WOODBANK DRIVE, NOTTINGHAM, NG8 2QU - £365,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

56 WOODBANK DRIVE is a midsized extended detached house of 97m², built sometime between 1950 and 1966. It was last sold for £365,000 in July 2022, which was around 13% above the average July 2022 detached price in the City of Nottingham local authority area. The most recent EPC inspection was November 2021, where the current energy rating was C, and the potential energy rating was B.

56 WOODBANK DRIVE Sold Prices

Land registry data shows two sales for 56 WOODBANK DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the City of Nottingham local authority area for the corresponding sale date. Both of the two 56 WOODBANK DRIVE 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 22 JUL	£365,000	£321,790	13% above HPI
2009 12 OCT	£179,100	£127,917	40% above HPI

56 WOODBANK DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Nottingham local authority area over time, sourced from the HPI. The two 56 WOODBANK DRIVE sales from October 2009 and July 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 October 2009 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the July 2022 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is 56 WOODBANK DRIVE?

56 WOODBANK DRIVE is 97m², which includes one extension, according to the EPC inspection conducted in November 2021. This puts it in the smallest 50% of detached houses in Nottingham, based on EPC data. The below chart shows the distribution of detached houses by size in Nottingham, and where 56 WOODBANK DRIVE lies on this distribution: 43% of detached houses are smaller than 56 WOODBANK DRIVE, and 56% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

56 WOODBANK DRIVE: Plot and Title Map

56 WOODBANK DRIVE sits on a plot of roughly 0.087 of an acre, or 354m². The below map shows the location of 56 WOODBANK DRIVE, 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 56 WOODBANK DRIVE). 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 56 WOODBANK DRIVE?

56 WOODBANK DRIVE is located in NOTTINGHAM, in the NG8 postcode district. The below map shows the position of No. 56 on WOODBANK DRIVE.