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 GRAVEL LANE is a small extended detached house of 115m², built sometime between 1967 and 1975. It was last sold for £450,000 in August 2020, which was around 36% below the average August 2020 detached price in the South Oxfordshire local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was B.
Land registry data shows three sales for 2 GRAVEL LANE since 1st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Oxfordshire local authority area for the corresponding sale date. All of the three 2 GRAVEL LANE 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 28 AUG | £450,000 | £707,677 | 36% below HPI |
2011 8 JUL | £420,000 | £458,503 | 8% below HPI |
2003 4 APR | £278,000 | £368,207 | 24% below HPI |
The below graph shows the average detached house price in the South Oxfordshire local authority area over time, sourced from the HPI. The three 2 GRAVEL LANE sales between April 2003 and August 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 July 2011 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the August 2020 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.
2 GRAVEL LANE is 115m², which includes one extension, according to the EPC inspection conducted in June 2018. This puts it in the smallest 40% of detached houses in Warborough, based on EPC data. The below chart shows the distribution of detached houses by size in Warborough, and where 2 GRAVEL LANE lies on this distribution: 37% of detached houses are smaller than 2 GRAVEL LANE, and 63% of houses are larger. Note that EPC data is not available for all properties in Warborough.
2 GRAVEL LANE sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of 2 GRAVEL LANE, 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 GRAVEL LANE). 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.
2 GRAVEL LANE is located in WARBOROUGH, in the OX10 postcode district. The below map shows the position of No. 2 on GRAVEL LANE.