2, ALVIS GATE, BANBURY, OX16 1BE - £295,000

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

2 ALVIS GATE is a small detached house of 104m², built sometime between 1983 and 1990, which could now be worth an estimated £359,929. It was last sold for £295,000 in October 2020, which was around 38% below the average October 2020 detached price in the Cherwell local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

2 ALVIS GATE Sold Prices

Land registry data shows two sales for 2 ALVIS GATE 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 2 ALVIS GATE 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
2020 29 OCT	£295,000	£479,253	38% below HPI
1997 7 MAY	£89,950	£106,669	16% below HPI

2 ALVIS GATE 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 2 ALVIS GATE sales from May 1997 and October 2020 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 May 1997 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the October 2020 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 2 ALVIS GATE be worth now?

2 ALVIS GATE might now be worth an estimated £359,929.

This is based on house price inflation of 22%, between October 2020 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 22% inflationary increase is applied to the most recent sale price for 2 ALVIS GATE of £295,000 on 29th October 2020. For the value to have increased from £295,000 to £359,929 over the three years and ten months to December 2024, the following assumptions must hold true:

• The value of 2 ALVIS GATE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The October 2020 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ALVIS GATE has not materially changed since October 2020.

How Large is 2 ALVIS GATE?

2 ALVIS GATE is 104m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 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 2 ALVIS GATE lies on this distribution: 39% of detached houses houses are smaller than 2 ALVIS GATE, and 59% of houses are larger. Note that EPC data is not available for all properties in Banbury.

2 ALVIS GATE: Plot and Title Map

2 ALVIS GATE sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of 2 ALVIS GATE, 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 2 ALVIS GATE). 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 2 ALVIS GATE?

2 ALVIS GATE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 2 on ALVIS GATE.