BANK HOUSE, STATION ROAD, NEWPORT, SAFFRON WALDEN, CB11 3PL - £355,000

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

BANK HOUSE is a small detached house of 122m², built sometime before 1900. It was last sold for £355,000 in December 2006, which was around 8% below the average December 2006 detached price in the Uttlesford local authority area. The most recent EPC inspection was October 2008, where the current energy rating was E, and the potential energy rating was E.

BANK HOUSE Sold Prices

Land registry data shows four sales for BANK HOUSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Uttlesford local authority area for the corresponding sale date. All of the four BANK HOUSE 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
2006 15 DEC	£355,000	£386,168	8% below HPI
2003 11 FEB	£250,000	£308,860	19% below HPI
1998 1 DEC	£130,000	£178,911	27% below HPI
1998 26 JAN	£97,500	£160,348	39% below HPI

BANK HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Uttlesford local authority area over time, sourced from the HPI. The four BANK HOUSE sales between January 1998 and December 2006 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 February 2003 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the December 2006 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is BANK HOUSE?

BANK HOUSE is 122m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 30% of detached houses in Newport, based on EPC data. The below chart shows the distribution of detached houses by size in Newport, and where BANK HOUSE lies on this distribution: 29% of detached houses are smaller than BANK HOUSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Newport.

BANK HOUSE: Plot and Title Map

BANK HOUSE sits on a plot of roughly 0.031 of an acre, or 126m². 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 STATION ROAD in NEWPORT, in the CB11 postcode district. The below map shows the position of BANK HOUSE on STATION ROAD.