REDBANK, GROVE LANE, STALBRIDGE, STURMINSTER NEWTON, DT10 2RD - £480,000

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.

REDBANK is a very large extended detached house of 250m², built sometime between 1991 and 1995, which could now be worth an estimated £545,908. It was last sold for £480,000 in June 2021, which was around 3% above the average June 2021 detached price in the Dorset local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was C.

REDBANK Sold Prices

Land registry data shows two sales for REDBANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. Both of the two REDBANK 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
2021 25 JUN	£480,000	£464,633	3% above HPI
2013 7 MAY	£357,500	£333,966	7% above HPI

REDBANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dorset local authority area over time, sourced from the HPI. The two REDBANK sales from May 2013 and June 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 May 2013 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the June 2021 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might REDBANK be worth now?

REDBANK might now be worth an estimated £545,908.

This is based on house price inflation of 13.7%, between June 2021 and February 2025, for detached houses, in the Dorset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.7% inflationary increase is applied to the most recent sale price for REDBANK of £480,000 on 25th June 2021. For the value to have increased from £480,000 to £545,908 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of REDBANK has moved in line with the HPI for detached houses in the Dorset local authority area.
• The June 2021 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of REDBANK has not materially changed since June 2021.

How Large is REDBANK?

REDBANK is 250m², which includes four extensions, according to the EPC inspection conducted in May 2021. This puts it in the largest 10% of detached houses houses in Stalbridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stalbridge, and where REDBANK lies on this distribution: 98% of detached houses houses are smaller than REDBANK, and 2% of houses are larger. Note that EPC data is not available for all properties in Stalbridge.

REDBANK: Plot and Title Map

REDBANK sits on a plot of roughly 0.159 of an acre, or 643m². The below map shows the location of REDBANK, 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 REDBANK). 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 REDBANK?

REDBANK is located on GROVE LANE in STALBRIDGE, in the DT10 postcode district. The below map shows the position of REDBANK on GROVE LANE.