WITHAM BANK, BACK LANE, LONG BENNINGTON, NEWARK, NG23 5DT - £390,000

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.

WITHAM BANK is a very large extended detached house of 232m², built sometime between 1991 and 1995, which could now be worth an estimated £634,713. It was last sold for £390,000 in December 2006, which was around 74% above the average December 2006 detached price in the South Kesteven local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

WITHAM BANK Sold Prices

Land registry data shows two sales for WITHAM BANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. Both of the two WITHAM BANK 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
2006 22 DEC	£390,000	£224,065	74% above HPI
1998 19 JUN	£112,500	£82,075	37% above HPI

WITHAM BANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two WITHAM BANK sales from June 1998 and December 2006 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 June 1998 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the December 2006 sale, where it rises to 74% above the HPI. The line then continues to track at 74% above the HPI.

What might WITHAM BANK be worth now?

WITHAM BANK might now be worth an estimated £634,713.

This is based on house price inflation of 62.7%, between December 2006 and February 2025, for detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 62.7% inflationary increase is applied to the most recent sale price for WITHAM BANK of £390,000 on 22nd December 2006. For the value to have increased from £390,000 to £634,713 over the nineteen years and ten months to February 2025, the following assumptions must hold true:

• The value of WITHAM BANK has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The December 2006 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of WITHAM BANK has not materially changed since December 2006.

How Large is WITHAM BANK?

WITHAM BANK is 232m², which includes one extension, according to the EPC inspection conducted in March 2023. This puts it in the largest 20% of detached houses houses in Long Bennington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Long Bennington, and where WITHAM BANK lies on this distribution: 90% of detached houses houses are smaller than WITHAM BANK, and 10% of houses are larger. Note that EPC data is not available for all properties in Long Bennington.

WITHAM BANK: Plot and Title Map

WITHAM BANK sits on a plot of roughly 0.364 of an acre, or 1,475m². The below map shows the location of WITHAM BANK, 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 WITHAM BANK). 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 WITHAM BANK?

WITHAM BANK is located on BACK LANE in LONG BENNINGTON, in the NG23 postcode district. The below map shows the position of WITHAM BANK on BACK LANE.