GREENBANKS, OSTLINGS LANE, BATHFORD, BATH, BA1 7RW - £637,000

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.

GREENBANKS is a small extended detached house of 116m², built sometime between 1950 and 1966, which could now be worth an estimated £608,256. It was last sold for £637,000 in September 2022, which was around 12% below the average September 2022 detached price in the Bath and North East Somerset local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was C.

GREENBANKS Sold Prices

Land registry data shows two sales for GREENBANKS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bath and North East Somerset local authority area for the corresponding sale date. Both of the two GREENBANKS sales were for below 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
2022 9 SEP	£637,000	£724,061	12% below HPI
1998 3 SEP	£138,500	£145,292	5% below HPI

GREENBANKS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bath and North East Somerset local authority area over time, sourced from the HPI. The two GREENBANKS sales from September 1998 and September 2022 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 September 1998 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the September 2022 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might GREENBANKS be worth now?

GREENBANKS might now be worth an estimated £608,256.

This is based on house price deflation of 4.5%, between September 2022 and June 2025, for detached houses, in the Bath and North East Somerset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.5% deflationary decrease is applied to the most recent sale price for GREENBANKS of £637,000 on 9th September 2022. For the value to have decreased from £637,000 to £608,256 over the three years and three months to June 2025, the following assumptions must hold true:

• The value of GREENBANKS has moved in line with the HPI for detached houses in the Bath and North East Somerset local authority area.
• The September 2022 sale price of £637,000 represented a fair market value for the property.
• The size, condition, and specification of GREENBANKS has not materially changed since September 2022.

How Large is GREENBANKS?

GREENBANKS is 116m², which includes two extensions, according to the EPC inspection conducted in March 2022. This puts it in the smallest 30% of detached houses houses in Bathford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bathford, and where GREENBANKS lies on this distribution: 29% of detached houses houses are smaller than GREENBANKS, and 69% of houses are larger. Note that EPC data is not available for all properties in Bathford.

GREENBANKS: Plot and Title Map

GREENBANKS sits on a plot of roughly 0.321 of an acre, or 1,301m². The below map shows the location of GREENBANKS, 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 GREENBANKS). 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 GREENBANKS?

GREENBANKS is located on OSTLINGS LANE in BATHFORD, in the BA1 postcode district. The below map shows the position of GREENBANKS on OSTLINGS LANE.