STONEBANK, SHIRBUTT LANE, HESSAY, YORK, YO26 8JT - £605,000

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.

STONEBANK is a small extended detached house of 150m², built sometime between 1950 and 1966, which could now be worth an estimated £726,149. It was last sold for £605,000 in November 2019, which was around 48% above the average November 2019 detached price in the York local authority area. The most recent EPC inspection was April 2019, where the current energy rating was E, and the potential energy rating was C.

STONEBANK Sold Prices

Land registry data shows four sales for STONEBANK since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the York local authority area for the corresponding sale date. All of the four STONEBANK 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
2019 12 NOV	£605,000	£408,253	48% above HPI
2007 18 OCT	£437,500	£313,372	40% above HPI
2005 19 AUG	£306,000	£272,356	12% above HPI
2001 19 FEB	£194,000	£143,091	36% above HPI

STONEBANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the York local authority area over time, sourced from the HPI. The four STONEBANK sales between February 2001 and November 2019 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 October 2007 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the November 2019 sale, where it rises to 48% above the HPI. The line then continues to track at 48% above the HPI.

What might STONEBANK be worth now?

STONEBANK might now be worth an estimated £726,149.

This is based on house price inflation of 20%, between November 2019 and February 2025, for detached houses, in the York local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20% inflationary increase is applied to the most recent sale price for STONEBANK of £605,000 on 12th November 2019. For the value to have increased from £605,000 to £726,149 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of STONEBANK has moved in line with the HPI for detached houses in the York local authority area.
• The November 2019 sale price of £605,000 represented a fair market value for the property.
• The size, condition, and specification of STONEBANK has not materially changed since November 2019.

How Large is STONEBANK?

STONEBANK is 150m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the smallest 30% of detached houses houses in Hessay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hessay, and where STONEBANK lies on this distribution: 29% of detached houses houses are smaller than STONEBANK, and 71% of houses are larger. Note that EPC data is not available for all properties in Hessay.

STONEBANK: Plot and Title Map

STONEBANK sits on a plot of roughly 0.726 of an acre, or 2,936m². The below map shows the location of STONEBANK, 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 STONEBANK). 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 STONEBANK?

STONEBANK is located on SHIRBUTT LANE in HESSAY, in the YO26 postcode district. The below map shows the position of STONEBANK on SHIRBUTT LANE.