THE BANKS, WEST STREET, FONTMELL MAGNA, SHAFTESBURY, SP7 0PF - £315,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

THE BANKS is a midsized detached house of 116m², built sometime between 1983 and 1990. It was last sold for £315,000 in July 2013, which was around 4% below the average July 2013 detached price in the Dorset local authority area. The most recent EPC inspection was December 2012, where the current energy rating was E, and the potential energy rating was C.

THE BANKS Sold Prices

Land registry data shows three sales for THE BANKS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. One of the three THE BANKS sales was for below the average price, whilst two 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
2013 23 JUL	£315,000	£329,062	4% below HPI
2005 22 JUL	£350,000	£285,994	22% above HPI
1997 28 NOV	£136,000	£113,253	20% above HPI

THE BANKS 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 three THE BANKS sales between November 1997 and July 2013 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 2005 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the July 2013 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is THE BANKS?

THE BANKS is 116m² according to the EPC inspection conducted in December 2012. This puts it in the smallest 50% of detached houses in Fontmell Magna, based on EPC data. The below chart shows the distribution of detached houses by size in Fontmell Magna, and where THE BANKS lies on this distribution: 42% of detached houses are smaller than THE BANKS, and 58% of houses are larger. Note that EPC data is not available for all properties in Fontmell Magna.

THE BANKS: Plot and Title Map

THE BANKS sits on a plot of roughly 0.111 of an acre, or 450m². The below map shows the location of THE BANKS, 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 THE BANKS). 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 THE BANKS?

THE BANKS is located on WEST STREET in FONTMELL MAGNA, in the SP7 postcode district. The below map shows the position of THE BANKS on WEST STREET.