7, BANKS CRESCENT, BINGHAM, NOTTINGHAM, NG13 8BP - £295,000

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

7 BANKS CRESCENT is a very small detached house of 74m², built sometime between 1967 and 1975. It was last sold for £295,000 in November 2023, which was around 36% below the average November 2023 detached price in the Rushcliffe local authority area. The most recent EPC inspection was August 2023, where the current energy rating was D, and the potential energy rating was B.

7 BANKS CRESCENT Sold Prices

Land registry data shows four sales for 7 BANKS CRESCENT since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rushcliffe local authority area for the corresponding sale date. All of the four 7 BANKS CRESCENT 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
2023 6 NOV	£295,000	£458,420	36% below HPI
2010 9 JUL	£195,000	£273,469	29% below HPI
2002 22 JUL	£147,000	£183,192	20% below HPI
1999 23 APR	£84,950	£113,159	25% below HPI

7 BANKS CRESCENT 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 four 7 BANKS CRESCENT sales between April 1999 and November 2023 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 July 2010 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the November 2023 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 7 BANKS CRESCENT?

7 BANKS CRESCENT is 74m² according to the EPC inspection conducted in August 2023. This puts it in the smallest 20% of detached houses in Bingham, based on EPC data. The below chart shows the distribution of detached houses by size in Bingham, and where 7 BANKS CRESCENT lies on this distribution: 11% of detached houses are smaller than 7 BANKS CRESCENT, and 89% of houses are larger. Note that EPC data is not available for all properties in Bingham.

7 BANKS CRESCENT: Plot and Title Map

7 BANKS CRESCENT sits on a plot of roughly 0.114 of an acre, or 462m². The below map shows the location of 7 BANKS CRESCENT, 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 7 BANKS CRESCENT). 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 7 BANKS CRESCENT?

7 BANKS CRESCENT is located in BINGHAM, in the NG13 postcode district. The below map shows the position of No. 7 on BANKS CRESCENT.