18, THE SHEARINGS, HOOK NORTON, BANBURY, OX15 5PT - £296,400

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.

18 THE SHEARINGS is a midsized detached house of 116m², built sometime between 1991 and 1995, which could now be worth an estimated £487,116. It was last sold for £296,400 in September 2011, which was around 14% below the average September 2011 detached price in the Cherwell local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

18 THE SHEARINGS Sold Prices

Land registry data shows four sales for 18 THE SHEARINGS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. All of the four 18 THE SHEARINGS 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
2011 28 SEP	£296,400	£346,255	14% below HPI
2001 1 OCT	£160,000	£206,529	23% below HPI
1996 6 DEC	£91,000	£98,781	8% below HPI
1996 24 MAY	£87,500	£98,131	11% below HPI

18 THE SHEARINGS 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 four 18 THE SHEARINGS sales between May 1996 and September 2011 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 October 2001 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the September 2011 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 18 THE SHEARINGS be worth now?

18 THE SHEARINGS might now be worth an estimated £487,116.

This is based on house price inflation of 64.3%, between September 2011 and February 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 64.3% inflationary increase is applied to the most recent sale price for 18 THE SHEARINGS of £296,400 on 28th September 2011. For the value to have increased from £296,400 to £487,116 over the fourteen years and seven months to February 2025, the following assumptions must hold true:

• The value of 18 THE SHEARINGS has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The September 2011 sale price of £296,400 represented a fair market value for the property.
• The size, condition, and specification of 18 THE SHEARINGS has not materially changed since September 2011.

How Large is 18 THE SHEARINGS?

18 THE SHEARINGS is 116m² according to the EPC inspection conducted in March 2011. This puts it in the smallest 50% of detached houses houses in Hook Norton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hook Norton, and where 18 THE SHEARINGS lies on this distribution: 42% of detached houses houses are smaller than 18 THE SHEARINGS, and 57% of houses are larger. Note that EPC data is not available for all properties in Hook Norton.

18 THE SHEARINGS: Plot and Title Map

18 THE SHEARINGS sits on a plot of roughly 0.069 of an acre, or 281m². The below map shows the location of 18 THE SHEARINGS, 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 18 THE SHEARINGS). 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 18 THE SHEARINGS?

18 THE SHEARINGS is located in HOOK NORTON, in the OX15 postcode district. The below map shows the position of No. 18 on THE SHEARINGS.