11, PARK ROAD, BANBURY, OX16 0DW - £425,000

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

11 PARK ROAD is a very large extended detached house of 160m², built sometime between 1900 and 1929. It was last sold for £425,000 in June 2021, which was around 15% below the average June 2021 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.

11 PARK ROAD Sold Prices

Land registry data shows two sales for 11 PARK ROAD 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 11 PARK 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
2021 3 JUN	£425,000	£501,795	15% below HPI
2014 22 AUG	£300,000	£404,064	26% below HPI

11 PARK 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 two 11 PARK ROAD sales from August 2014 and June 2021 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 August 2014 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the June 2021 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 11 PARK ROAD?

11 PARK ROAD is 160m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the largest 20% of detached houses in Banbury, based on EPC data. The below chart shows the distribution of detached houses by size in Banbury, and where 11 PARK ROAD lies on this distribution: 90% of detached houses are smaller than 11 PARK ROAD, and 10% of houses are larger. Note that EPC data is not available for all properties in Banbury.

11 PARK ROAD: Plot and Title Map

11 PARK ROAD sits on a plot of roughly 0.109 of an acre, or 442m². The below map shows the location of 11 PARK 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 11 PARK 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 11 PARK ROAD?

11 PARK ROAD is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 11 on PARK ROAD.