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

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 THE BANKS is a midsized extended detached house of 118m², built sometime between 1900 and 1929, which could now be worth an estimated £839,640. 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	£345,552	68% above HPI
2015 18 MAY	£407,500	£310,445	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.

What might 8 THE BANKS be worth now?

8 THE BANKS might now be worth an estimated £839,640.

This is based on house price inflation of 44.8%, between September 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 44.8% inflationary increase is applied to the most recent sale price for 8 THE BANKS of £580,000 on 28th September 2016. For the value to have increased from £580,000 to £839,640 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of 8 THE BANKS has moved in line with the HPI for detached houses in the Rushcliffe local authority area.
• The September 2016 sale price of £580,000 represented a fair market value for the property.
• The size, condition, and specification of 8 THE BANKS has not materially changed since September 2016.

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 houses in Bingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bingham, and where 8 THE BANKS lies on this distribution: 51% of detached houses 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.