8, BANES ROAD, BINGHAM, NOTTINGHAM, NG13 8EN - £201,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 BANES ROAD is a small extended detached house of 103m², built sometime between 1950 and 1966, which could now be worth an estimated £338,077. It was last sold for £201,000 in November 2013, which was around 30% below the average November 2013 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.

8 BANES ROAD Sold Prices

Land registry data shows two sales for 8 BANES ROAD 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 8 BANES ROAD 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
2013 27 NOV	£201,000	£286,875	30% below HPI
2005 27 JUN	£169,950	£252,829	33% below HPI

8 BANES ROAD 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 8 BANES ROAD sales from June 2005 and November 2013 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 2005 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the November 2013 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 8 BANES ROAD be worth now?

8 BANES ROAD might now be worth an estimated £338,077.

This is based on house price inflation of 68.2%, between November 2013 and December 2024, 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 68.2% inflationary increase is applied to the most recent sale price for 8 BANES ROAD of £201,000 on 27th November 2013. For the value to have increased from £201,000 to £338,077 over the ten years and eleven months to December 2024, the following assumptions must hold true:

• The value of 8 BANES ROAD has moved in line with the HPI for detached houses in the Rushcliffe local authority area.
• The November 2013 sale price of £201,000 represented a fair market value for the property.
• The size, condition, and specification of 8 BANES ROAD has not materially changed since November 2013.

How Large is 8 BANES ROAD?

8 BANES ROAD is 103m², which includes three extensions, according to the EPC inspection conducted in September 2013. This puts it in the smallest 40% 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 8 BANES ROAD lies on this distribution: 38% of detached houses houses are smaller than 8 BANES ROAD, and 60% of houses are larger. Note that EPC data is not available for all properties in Bingham.

8 BANES ROAD: Plot and Title Map

8 BANES ROAD sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 8 BANES ROAD, 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 8 BANES ROAD). 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 8 BANES ROAD?

8 BANES ROAD is located in BINGHAM, in the NG13 postcode district. The below map shows the position of No. 8 on BANES ROAD.