7, LUNE WAY, BINGHAM, NOTTINGHAM, NG13 8YX - £249,000

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 LUNE WAY is a midsized detached house of 111m², built sometime between 2007 and 2011. It was last sold for £249,000 in July 2017, which was around 29% below the average July 2017 detached price in the Rushcliffe local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

7 LUNE WAY Sold Prices

Land registry data shows three sales for 7 LUNE WAY 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 7 LUNE WAY 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
2017 14 JUL	£249,000	£352,927	29% below HPI
2012 29 JUN	£207,500	£275,553	25% below HPI
2008 19 JUN	£229,950	£270,571	15% below HPI

7 LUNE WAY 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 7 LUNE WAY sales between June 2008 and July 2017 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 2012 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the July 2017 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 7 LUNE WAY?

7 LUNE WAY is 111m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 50% 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 LUNE WAY lies on this distribution: 45% of detached houses are smaller than 7 LUNE WAY, and 54% of houses are larger. Note that EPC data is not available for all properties in Bingham.

7 LUNE WAY: Plot and Title Map

7 LUNE WAY sits on a plot of roughly 0.052 of an acre, or 212m². The below map shows the location of 7 LUNE WAY, 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 LUNE WAY). 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 LUNE WAY?

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