8, MEDWAY DRIVE, BINGHAM, NOTTINGHAM, NG13 8YD - £149,995

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.

8 MEDWAY DRIVE is a very small detached house of 57m², built sometime from 2007 onwards, which could now be worth an estimated £225,360. It was last sold for £149,995 in February 2016, which was around 55% below the average February 2016 detached price in the Rushcliffe local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was C.

8 MEDWAY DRIVE Sold Prices

Land registry data shows two sales for 8 MEDWAY 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 Rushcliffe local authority area for the corresponding sale date. Both of the two 8 MEDWAY DRIVE 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
2016 5 FEB	£149,995	£332,949	55% below HPI
2009 27 MAR	£110,000	£245,708	55% below HPI

8 MEDWAY DRIVE 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 MEDWAY DRIVE sales from March 2009 and February 2016 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 March 2009 sale was for 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the February 2016 sale, which was also at 55% below the HPI.

What might 8 MEDWAY DRIVE be worth now?

8 MEDWAY DRIVE might now be worth an estimated £225,360.

This is based on house price inflation of 50.2%, between February 2016 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 50.2% inflationary increase is applied to the most recent sale price for 8 MEDWAY DRIVE of £149,995 on 5th February 2016. For the value to have increased from £149,995 to £225,360 over the nine years to February 2025, the following assumptions must hold true:

• The value of 8 MEDWAY DRIVE has moved in line with the HPI for detached houses in the Rushcliffe local authority area.
• The February 2016 sale price of £149,995 represented a fair market value for the property.
• The size, condition, and specification of 8 MEDWAY DRIVE has not materially changed since February 2016.

How Large is 8 MEDWAY DRIVE?

8 MEDWAY DRIVE is 57m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 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 8 MEDWAY DRIVE lies on this distribution: 3% of detached houses houses are smaller than 8 MEDWAY DRIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Bingham.

8 MEDWAY DRIVE: Plot and Title Map

8 MEDWAY DRIVE sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 8 MEDWAY 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 8 MEDWAY 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 8 MEDWAY DRIVE?

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