THE BANKY, SHADOWS LANE, CONGERSTONE, NUNEATON, CV13 6NF - £1,100,000

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.

THE BANKY is a large extended detached house of 182m², built sometime from 2007 onwards, which could now be worth an estimated £1,172,390. It was last sold for £1,100,000 in December 2021, which was around 208% above the average December 2021 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

THE BANKY Sold Prices

Land registry data shows two sales for THE BANKY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Hinckley and Bosworth local authority area for the corresponding sale date. Both of the two THE BANKY 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 9 DEC	£1,100,000	£357,519	208% above HPI
2016 16 DEC	£975,000	£257,648	278% above HPI

THE BANKY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hinckley and Bosworth local authority area over time, sourced from the HPI. The two THE BANKY sales from December 2016 and December 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 December 2016 sale was for 278% above the HPI. So the extrapolation line tracks at 278% above the HPI over time, until the December 2021 sale, where it falls to 208% above the HPI. The line then continues to track at 208% above the HPI.

What might THE BANKY be worth now?

THE BANKY might now be worth an estimated £1,172,390.

This is based on house price inflation of 6.6%, between December 2021 and February 2025, for detached houses, in the Hinckley and Bosworth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.6% inflationary increase is applied to the most recent sale price for THE BANKY of £1,100,000 on 9th December 2021. For the value to have increased from £1,100,000 to £1,172,390 over the four years and ten months to February 2025, the following assumptions must hold true:

• The value of THE BANKY has moved in line with the HPI for detached houses in the Hinckley and Bosworth local authority area.
• The December 2021 sale price of £1,100,000 represented a fair market value for the property.
• The size, condition, and specification of THE BANKY has not materially changed since December 2021.

How Large is THE BANKY?

THE BANKY is 182m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the largest 40% of detached houses houses in Congerstone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Congerstone, and where THE BANKY lies on this distribution: 68% of detached houses houses are smaller than THE BANKY, and 32% of houses are larger. Note that EPC data is not available for all properties in Congerstone.

THE BANKY: Plot and Title Map

THE BANKY sits on a plot of roughly 0.303 of an acre, or 1,226m². The below map shows the location of THE BANKY, 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 BANKY). 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 BANKY?

THE BANKY is located on SHADOWS LANE in CONGERSTONE, in the CV13 postcode district. The below map shows the position of THE BANKY on SHADOWS LANE.