12, GILKES YARD, BANBURY, OX16 9GF - £133,500

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.

12 GILKES YARD is a very small detached house of 51m², built sometime between 1996 and 2002, which could now be worth an estimated £271,083. It was last sold for £133,500 in August 2003, which was around 53% below the average August 2003 detached price in the Cherwell local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

12 GILKES YARD Sold Prices

Land registry data shows two sales for 12 GILKES YARD 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 12 GILKES YARD 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
2003 28 AUG	£133,500	£281,392	53% below HPI
1996 15 NOV	£30,000	£101,940	71% below HPI

12 GILKES YARD 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 12 GILKES YARD sales from November 1996 and August 2003 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 1996 sale was for 71% below the HPI. So the extrapolation line tracks at 71% below the HPI over time, until the August 2003 sale, where it rises to 53% below the HPI. The line then continues to track at 53% below the HPI.

What might 12 GILKES YARD be worth now?

12 GILKES YARD might now be worth an estimated £271,083.

This is based on house price inflation of 103.1%, between August 2003 and March 2025, for detached houses, in the Cherwell local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 103.1% inflationary increase is applied to the most recent sale price for 12 GILKES YARD of £133,500 on 28th August 2003. For the value to have increased from £133,500 to £271,083 over the 22 years and five months to March 2025, the following assumptions must hold true:

• The value of 12 GILKES YARD has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The August 2003 sale price of £133,500 represented a fair market value for the property.
• The size, condition, and specification of 12 GILKES YARD has not materially changed since August 2003.

How Large is 12 GILKES YARD?

12 GILKES YARD is 51m² according to the EPC inspection conducted in July 2021. This puts it in the smallest 10% of detached houses houses in Banbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Banbury, and where 12 GILKES YARD lies on this distribution: 1% of detached houses houses are smaller than 12 GILKES YARD, and 99% of houses are larger. Note that EPC data is not available for all properties in Banbury.

12 GILKES YARD: Plot and Title Map

12 GILKES YARD sits on a plot of roughly 0.015 of an acre, or 59m². The below map shows the location of 12 GILKES YARD, 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 12 GILKES YARD). 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 12 GILKES YARD?

12 GILKES YARD is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 12 on GILKES YARD.