WITHAM BANK, WITHAM ROAD, LONG BENNINGTON, NEWARK, NG23 5DS - £385,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

WITHAM BANK is a very large extended detached house of 236m², built sometime between 1976 and 1982. It was last sold for £385,000 in July 2016, which was around 44% above the average July 2016 detached price in the South Kesteven local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, 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
2016 4 JUL	£385,000	£266,742	44% above HPI
2007 7 JUN	£310,000	£236,995	31% 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 2007 and July 2016 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 2007 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the July 2016 sale, where it rises to 44% above the HPI. The line then continues to track at 44% above the HPI.

How Large is WITHAM BANK?

WITHAM BANK is 236m², which includes one extension, according to the EPC inspection conducted in January 2023. This puts it in the largest 10% of detached houses in Long Bennington, based on EPC data. The below chart shows the distribution of detached houses by size in Long Bennington, and where WITHAM BANK lies on this distribution: 91% of detached houses are smaller than WITHAM BANK, and 9% 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 0.378 of an acre, or 1,531m². 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 WITHAM ROAD in LONG BENNINGTON, in the NG23 postcode district. The below map shows the position of WITHAM BANK on WITHAM ROAD.