1, LAXTON WAY, BANBURY, OX17 1GJ - £285,000

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 LAXTON WAY is a very small extended detached house of 61m², built sometime between 1996 and 2002. It was last sold for £285,000 in March 2024, which was around 48% below the average March 2024 detached price in the Cherwell local authority area. The most recent EPC inspection was May 2020, where the current energy rating was D, and the potential energy rating was B.

1 LAXTON WAY Sold Prices

Land registry data shows two sales for 1 LAXTON WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. Both of the two 1 LAXTON WAY 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 1 MAR	£285,000	£543,145	48% below HPI
2001 28 NOV	£121,500	£215,284	44% below HPI

1 LAXTON WAY 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 two 1 LAXTON WAY sales from November 2001 and March 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 November 2001 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the March 2024 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is 1 LAXTON WAY?

1 LAXTON WAY is 61m², which includes one extension, according to the EPC inspection conducted in May 2020. This puts it in the smallest 10% 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 LAXTON WAY lies on this distribution: 2% of detached houses are smaller than 1 LAXTON WAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Banbury.

1 LAXTON WAY: Plot and Title Map

1 LAXTON WAY sits on a plot of roughly 0.051 of an acre, or 205m². The below map shows the location of 1 LAXTON WAY, 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 LAXTON WAY). 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 LAXTON WAY?

1 LAXTON WAY is located in BANBURY, in the OX17 postcode district. The below map shows the position of No. 1 on LAXTON WAY.