1, GRIFFITH ROAD, BANBURY, OX16 1EF - £318,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 GRIFFITH ROAD is a small detached house of 100m², built sometime between 2003 and 2006. It was last sold for £318,000 in April 2024, which was around 41% below the average April 2024 detached price in the Cherwell local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

1 GRIFFITH ROAD Sold Prices

Land registry data shows three sales for 1 GRIFFITH ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. All of the three 1 GRIFFITH ROAD 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
2024 29 APR	£318,000	£539,899	41% below HPI
2005 24 MAR	£190,000	£293,306	35% below HPI
2003 2 DEC	£192,995	£276,794	30% below HPI

1 GRIFFITH ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cherwell local authority area over time, sourced from the HPI. The three 1 GRIFFITH ROAD sales between December 2003 and April 2024 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 March 2005 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the April 2024 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 1 GRIFFITH ROAD?

1 GRIFFITH ROAD is 100m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 40% of detached houses in Banbury, based on EPC data. The below chart shows the distribution of detached houses by size in Banbury, and where 1 GRIFFITH ROAD lies on this distribution: 36% of detached houses are smaller than 1 GRIFFITH ROAD, and 63% of houses are larger. Note that EPC data is not available for all properties in Banbury.

1 GRIFFITH ROAD: Plot and Title Map

1 GRIFFITH ROAD sits on a plot of roughly 0.057 of an acre, or 230m². The below map shows the location of 1 GRIFFITH ROAD, 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 1 GRIFFITH ROAD). 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 1 GRIFFITH ROAD?

1 GRIFFITH ROAD is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 1 on GRIFFITH ROAD.