BANKSIDE, FISHER LANE, BINGHAM, NOTTINGHAM, NG13 8BQ - £360,000

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.

BANKSIDE is a midsized detached house of 110m², built sometime between 1967 and 1975, which could now be worth an estimated £437,278. It was last sold for £360,000 in February 2021, which was around 13% below the average February 2021 detached price in the Rushcliffe local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was C.

BANKSIDE Sold Prices

Land registry data shows four sales for BANKSIDE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rushcliffe local authority area for the corresponding sale date. All of the four BANKSIDE 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
2021 2 FEB	£360,000	£411,835	13% below HPI
2016 19 JUL	£310,000	£330,202	6% below HPI
2014 24 JAN	£282,500	£283,979	1% below HPI
1999 21 MAY	£86,000	£113,553	24% below HPI

BANKSIDE 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 four BANKSIDE sales between May 1999 and February 2021 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 July 2016 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2021 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might BANKSIDE be worth now?

BANKSIDE might now be worth an estimated £437,278.

This is based on house price inflation of 21.5%, between February 2021 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 21.5% inflationary increase is applied to the most recent sale price for BANKSIDE of £360,000 on 2nd February 2021. For the value to have increased from £360,000 to £437,278 over the four years to February 2025, the following assumptions must hold true:

• The value of BANKSIDE has moved in line with the HPI for detached houses in the Rushcliffe local authority area.
• The February 2021 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of BANKSIDE has not materially changed since February 2021.

How Large is BANKSIDE?

BANKSIDE is 110m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 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 BANKSIDE lies on this distribution: 44% of detached houses houses are smaller than BANKSIDE, and 55% of houses are larger. Note that EPC data is not available for all properties in Bingham.

BANKSIDE: Plot and Title Map

BANKSIDE sits on a plot of roughly 0.130 of an acre, or 527m². The below map shows the location of BANKSIDE, 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 BANKSIDE). 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 BANKSIDE?

BANKSIDE is located on FISHER LANE in BINGHAM, in the NG13 postcode district. The below map shows the position of BANKSIDE on FISHER LANE.