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

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

2 ALVIS GATE is a small detached house of 104m², built sometime between 1983 and 1990. It was last sold for £295,000 in October 2020, which was around 39% 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	£486,317	39% below HPI
1997 7 MAY	£89,950	£108,242	17% 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 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the October 2020 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

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 in Banbury, based on EPC data. The below chart shows the distribution of detached houses by size in Banbury, and where 2 ALVIS GATE lies on this distribution: 39% of detached 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.