7, The Banks
7, The Banks
Description & Estimates
7, The Banks, Nottingham is recorded publicly as a period freehold house across 1,862 ft2 of internal area, sitting on a 413 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 7, The Banks, Nottingham is £493,310 and its rental estimate is £1,567 per month, given the available information and assuming reasonable condition.
The Banks, Bingham, Nottingham, NG13 falls within the NG13 postal district, in the borough of Rushcliffe.
Our Data Sources
7, The Banks, Nottingham has a single entry in the Land Registry from February 2013 and a single entry in the EPC database dated October 2012.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 7, The Banks, Nottingham, we estimate a market value of £517,976 and a rental value of £1,646 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £458,778 and £1,458 per month respectively.
Recent Market Change
Over the last year, 7, The Banks, Nottingham has seen its estimated sale value move up by £836 (0.2%) and its estimated rental value increase by £32 per month (2.0%). This results in an estimated gross rental yield of 3.8%.
Plot Size
HM Land Registry records the plot of land for 7, The Banks, Nottingham as measuring 413 m2.
That makes it the 15th largest plot in the postcode, where 18 of the 23 other houses have recorded plot data.
Energy Efficiency
7, The Banks, Nottingham has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 08 Oct 2012.
The property is not connected to mains gas and has some double glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 7, The Banks, Nottingham completed on 18th February 2013 at £410,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 67.2% over the period since February 2013.
- Sold Feb 2013£410,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 7, The Banks, Nottingham have sold within a radius of 670 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 12th November 2021, was 13, Cherry Street, Nottingham, NG13 8AJ, a freehold house which sold for £450,000.
Read more about house prices in NG13.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 45 addresses on The Banks, Bingham, Nottingham, NG13, 7, The Banks, Nottingham comes out as the 15th largest and the 28th most expensive in our analysis of the public data.
It is also £142k more expensive than the average property across the NG13 district.
More reading links
Schools Nearby
- 400mRobert Miles Junior School
- 500mRobert Miles Infant School
- 1.1kmBingham Primary School
- 0mToot Hill School
- 5.3kmSouth Nottinghamshire Academy
- 8.2kmCarlton le Willows Academy
More reading links
Public Transport Nearby
From 7, The Banks, Nottingham, the nearest station is Bingham, 600 metres away.
- 600mBingham
- 3.7kmAslockton
- 5.5kmRadcliffe (Nottinghamshire)
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
