BANK HOUSE, GREAVES LANE, EDINGLEY, NEWARK, NG22 8BJ - £820,000

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.

BANK HOUSE is a very large extended detached house of 357m², built sometime between 1991 and 1995, which could now be worth an estimated £1,295,724. It was last sold for £820,000 in May 2014, which was around 268% above the average May 2014 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was January 2013, where the current energy rating was E, and the potential energy rating was C.

BANK HOUSE Sold Prices

Land registry data shows two sales for BANK HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Both of the two BANK HOUSE 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
2014 2 MAY	£820,000	£222,759	268% above HPI
2005 25 NOV	£760,000	£215,923	252% above HPI

BANK HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The two BANK HOUSE sales from November 2005 and May 2014 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 November 2005 sale was for 252% above the HPI. So the extrapolation line tracks at 252% above the HPI over time, until the May 2014 sale, where it rises to 268% above the HPI. The line then continues to track at 268% above the HPI.

What might BANK HOUSE be worth now?

BANK HOUSE might now be worth an estimated £1,295,724.

This is based on house price inflation of 58%, between May 2014 and February 2025, for detached houses, in the Newark and Sherwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 58% inflationary increase is applied to the most recent sale price for BANK HOUSE of £820,000 on 2nd May 2014. For the value to have increased from £820,000 to £1,295,724 over the eleven years and three months to February 2025, the following assumptions must hold true:

• The value of BANK HOUSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The May 2014 sale price of £820,000 represented a fair market value for the property.
• The size, condition, and specification of BANK HOUSE has not materially changed since May 2014.

How Large is BANK HOUSE?

BANK HOUSE is 357m², which includes three extensions, according to the EPC inspection conducted in January 2013. This puts it in the largest 10% of detached houses houses in Edingley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Edingley, and where BANK HOUSE lies on this distribution: 97% of detached houses houses are smaller than BANK HOUSE, and 3% of houses are larger. Note that EPC data is not available for all properties in Edingley.

BANK HOUSE: Plot and Title Map

BANK HOUSE sits on a plot of roughly 3.0 acres, or 12,168m². The below map shows the location of BANK HOUSE, 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 BANK HOUSE). 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 BANK HOUSE?

BANK HOUSE is located on GREAVES LANE in EDINGLEY, in the NG22 postcode district. The below map shows the position of BANK HOUSE on GREAVES LANE.