15, KINGSWAY, BANBURY, OX16 9NU - £175,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

15 KINGSWAY is a large extended detached house of 122m², built sometime between 1976 and 1982, which could now be worth an estimated £452,340. It was last sold for £175,000 in May 2002, which was around 23% below the average May 2002 detached price in the Cherwell local authority area. The most recent EPC inspection was July 2023, where the current energy rating was C, and the potential energy rating was B.

15 KINGSWAY Sold Prices

Land registry data shows two sales for 15 KINGSWAY 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 15 KINGSWAY 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
2002 10 MAY	£175,000	£226,221	23% below HPI
1997 21 MAR	£80,000	£110,009	27% below HPI

15 KINGSWAY 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 15 KINGSWAY sales from March 1997 and May 2002 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 1997 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the May 2002 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 15 KINGSWAY be worth now?

15 KINGSWAY might now be worth an estimated £452,340.

This is based on house price inflation of 158.5%, between May 2002 and December 2024, 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 158.5% inflationary increase is applied to the most recent sale price for 15 KINGSWAY of £175,000 on 10th May 2002. For the value to have increased from £175,000 to £452,340 over the 21 years and five months to December 2024, the following assumptions must hold true:

• The value of 15 KINGSWAY has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The May 2002 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 15 KINGSWAY has not materially changed since May 2002.

How Large is 15 KINGSWAY?

15 KINGSWAY is 122m², which includes four extensions, according to the EPC inspection conducted in July 2023. This puts it in the largest 40% 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 15 KINGSWAY lies on this distribution: 65% of detached houses houses are smaller than 15 KINGSWAY, and 34% of houses are larger. Note that EPC data is not available for all properties in Banbury.

15 KINGSWAY: Plot and Title Map

15 KINGSWAY sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 15 KINGSWAY, 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 15 KINGSWAY). 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 15 KINGSWAY?

15 KINGSWAY is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 15 on KINGSWAY.