RINEBANK, NEWTON LANE, CHESTER, CH2 2HH - £350,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

RINEBANK is a small extended detached house of 103m², built sometime from 2007 onwards. It was last sold for £350,000 in May 2018, which was around 13% above the average May 2018 detached price in the Cheshire West and Chester local authority area. The most recent EPC inspection was July 2012, where the current energy rating was C, and the potential energy rating was B.

RINEBANK Sold Prices

Land registry data shows two sales for RINEBANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cheshire West and Chester local authority area for the corresponding sale date. Both of the two RINEBANK 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
2018 15 MAY	£350,000	£310,149	13% above HPI
2013 28 MAR	£280,000	£253,073	11% above HPI

RINEBANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cheshire West and Chester local authority area over time, sourced from the HPI. The two RINEBANK sales from March 2013 and May 2018 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 March 2013 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the May 2018 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might RINEBANK be worth now?

RINEBANK might now be worth an estimated £481,184.

This is based on house price inflation of 37.5%, between May 2018 and December 2024, for detached houses, in the Cheshire West and Chester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 37.5% inflationary increase is applied to the most recent sale price for RINEBANK of £350,000 on 15th May 2018. For the value to have increased from £350,000 to £481,184 over the five years and five months to December 2024, the following assumptions must hold true:

• The value of RINEBANK has moved in line with the HPI for detached houses in the Cheshire West and Chester local authority area.
• The May 2018 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of RINEBANK has not materially changed since May 2018.

How Large is RINEBANK?

RINEBANK is 103m², which includes one extension, according to the EPC inspection conducted in July 2012. This puts it in the smallest 40% of detached houses houses in Chester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chester, and where RINEBANK lies on this distribution: 37% of detached houses houses are smaller than RINEBANK, and 63% of houses are larger. Note that EPC data is not available for all properties in Chester.

RINEBANK: Plot and Title Map

RINEBANK sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of RINEBANK, 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 RINEBANK). 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 RINEBANK?

RINEBANK is located on NEWTON LANE in CHESTER, in the CH2 postcode district. The below map shows the position of RINEBANK on NEWTON LANE.