8, THE BANKS, BINGHAM, NOTTINGHAM, NG13 8BL - £580,000

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

8 THE BANKS is a midsized extended detached house of 118m², built sometime between 1900 and 1929. It was last sold for £580,000 in September 2016, which was around 68% above the average September 2016 detached price in the Rushcliffe local authority area. The most recent EPC inspection was July 2016, where the current energy rating was E, and the potential energy rating was C.

8 THE BANKS Sold Prices

Land registry data shows two sales for 8 THE BANKS 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 THE BANKS 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
2016 28 SEP	£580,000	£345,535	68% above HPI
2015 18 MAY	£407,500	£310,431	31% above HPI

8 THE BANKS 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 THE BANKS sales from May 2015 and September 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 May 2015 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the September 2016 sale, where it rises to 68% above the HPI. The line then continues to track at 68% above the HPI.

How Large is 8 THE BANKS?

8 THE BANKS is 118m², which includes two extensions, according to the EPC inspection conducted in July 2016. This puts it in the largest 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 8 THE BANKS lies on this distribution: 52% of detached houses are smaller than 8 THE BANKS, and 48% of houses are larger. Note that EPC data is not available for all properties in Bingham.

8 THE BANKS: Plot and Title Map

8 THE BANKS sits on a plot of roughly 0.196 of an acre, or 793m². The below map shows the location of 8 THE BANKS, 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 THE BANKS). 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 THE BANKS?

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