17, WESTMINSTER WAY, BANBURY, OX16 4FA - £220,000

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.

17 WESTMINSTER WAY is a very small semi-detached house of 66m², built sometime between 1983 and 1990, which could now be worth an estimated £278,461. It was last sold for £220,000 in March 2016, which was around 20% below the average March 2016 semi-detached price in the Cherwell local authority area. The most recent EPC inspection was November 2015, where the current energy rating was C, and the potential energy rating was B.

17 WESTMINSTER WAY Sold Prices

Land registry data shows three sales for 17 WESTMINSTER WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Cherwell local authority area for the corresponding sale date. All of the three 17 WESTMINSTER 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
2016 9 MAR	£220,000	£275,072	20% below HPI
2004 7 APR	£157,500	£170,854	8% below HPI
2002 14 JUN	£122,000	£131,116	7% below HPI

17 WESTMINSTER WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cherwell local authority area over time, sourced from the HPI. The three 17 WESTMINSTER WAY sales between June 2002 and March 2016 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 April 2004 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the March 2016 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 17 WESTMINSTER WAY be worth now?

17 WESTMINSTER WAY might now be worth an estimated £278,461.

This is based on house price inflation of 26.6%, between March 2016 and February 2025, for semi-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 26.6% inflationary increase is applied to the most recent sale price for 17 WESTMINSTER WAY of £220,000 on 9th March 2016. For the value to have increased from £220,000 to £278,461 over the nine years and one month to February 2025, the following assumptions must hold true:

• The value of 17 WESTMINSTER WAY has moved in line with the HPI for semi-detached houses in the Cherwell local authority area.
• The March 2016 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 17 WESTMINSTER WAY has not materially changed since March 2016.

How Large is 17 WESTMINSTER WAY?

17 WESTMINSTER WAY is 66m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 10% of semi-detached houses houses in Banbury, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Banbury, and where 17 WESTMINSTER WAY lies on this distribution: 4% of semi-detached houses houses are smaller than 17 WESTMINSTER WAY, and 96% of houses are larger. Note that EPC data is not available for all properties in Banbury.

17 WESTMINSTER WAY: Plot and Title Map

17 WESTMINSTER WAY sits on a plot of roughly 0.041 of an acre, or 166m². The below map shows the location of 17 WESTMINSTER 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 17 WESTMINSTER 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 17 WESTMINSTER WAY?

17 WESTMINSTER WAY is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 17 on WESTMINSTER WAY.