18, WESTMINSTER WAY, BANBURY, OX16 4FW - £264,500

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

18 WESTMINSTER WAY is a very small extended detached house of 79m², built sometime between 1991 and 1995. It was last sold for £264,500 in September 2019, which was around 44% below the average September 2019 detached price in the Cherwell local authority area. The most recent EPC inspection was October 2014, where the current energy rating was C, and the potential energy rating was B.

18 WESTMINSTER WAY Sold Prices

Land registry data shows four sales for 18 WESTMINSTER WAY 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 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
2019 6 SEP	£264,500	£473,221	44% below HPI
2015 23 FEB	£247,500	£415,402	40% below HPI
2002 28 MAY	£138,500	£229,556	40% below HPI
1998 18 SEP	£82,500	£143,891	43% below HPI

18 WESTMINSTER WAY 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 WESTMINSTER WAY sales between September 1998 and September 2019 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 February 2015 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the September 2019 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 18 WESTMINSTER WAY?

18 WESTMINSTER WAY is 79m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the smallest 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 18 WESTMINSTER WAY lies on this distribution: 11% of detached houses are smaller than 18 WESTMINSTER WAY, and 88% of houses are larger. Note that EPC data is not available for all properties in Banbury.

18 WESTMINSTER WAY: Plot and Title Map

18 WESTMINSTER WAY sits on a plot of roughly 0.041 of an acre, or 167m². The below map shows the location of 18 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 18 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 18 WESTMINSTER WAY?

18 WESTMINSTER WAY is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 18 on WESTMINSTER WAY.