LOWER BANK, WINFORD ROAD, CHEW MAGNA, BRISTOL, BS40 8QE - £485,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

LOWER BANK is a very small detached house of 115m². It was last sold for £485,000 in March 2021, which was around 19% below the average March 2021 detached price in the Bath and North East Somerset local authority area. The most recent EPC inspection was August 2018, where the current energy rating was B, and the potential energy rating was A.

LOWER BANK Sold Prices

Land registry data shows two sales for LOWER BANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bath and North East Somerset local authority area for the corresponding sale date. Both of the two LOWER BANK 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 19 MAR	£485,000	£598,290	19% below HPI
2019 1 FEB	£425,000	£555,282	23% below HPI

LOWER BANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bath and North East Somerset local authority area over time, sourced from the HPI. The two LOWER BANK sales from February 2019 and March 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 February 2019 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the March 2021 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is LOWER BANK?

LOWER BANK is 115m² according to the EPC inspection conducted in August 2018. This puts it in the smallest 10% of detached houses in Chew Magna, based on EPC data. The below chart shows the distribution of detached houses by size in Chew Magna, and where LOWER BANK lies on this distribution: 10% of detached houses are smaller than LOWER BANK, and 90% of houses are larger. Note that EPC data is not available for all properties in Chew Magna.

LOWER BANK: Plot and Title Map

LOWER BANK sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of LOWER BANK, 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 LOWER BANK). 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 LOWER BANK?

LOWER BANK is located on WINFORD ROAD in CHEW MAGNA, in the BS40 postcode district. The below map shows the position of LOWER BANK on WINFORD ROAD.