2, MAYFIELD ROAD, BANBURY, OX16 9DW - £362,500

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.

2 MAYFIELD ROAD is a small extended detached house of 101m², built sometime between 1950 and 1966, which could now be worth an estimated £424,128. It was last sold for £362,500 in September 2018, which was around 25% below the average September 2018 detached price in the Cherwell local authority area. The most recent EPC inspection was November 2023, where the current energy rating was C, and the potential energy rating was B.

2 MAYFIELD ROAD Sold Prices

Land registry data shows two sales for 2 MAYFIELD ROAD 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 MAYFIELD ROAD 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
2018 28 SEP	£362,500	£486,364	25% below HPI
2001 1 OCT	£135,000	£206,529	35% below HPI

2 MAYFIELD ROAD 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 MAYFIELD ROAD sales from October 2001 and September 2018 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 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the September 2018 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 2 MAYFIELD ROAD be worth now?

2 MAYFIELD ROAD might now be worth an estimated £424,128.

This is based on house price inflation of 17%, between September 2018 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 17% inflationary increase is applied to the most recent sale price for 2 MAYFIELD ROAD of £362,500 on 28th September 2018. For the value to have increased from £362,500 to £424,128 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 MAYFIELD ROAD has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The September 2018 sale price of £362,500 represented a fair market value for the property.
• The size, condition, and specification of 2 MAYFIELD ROAD has not materially changed since September 2018.

How Large is 2 MAYFIELD ROAD?

2 MAYFIELD ROAD is 101m², which includes three extensions, according to the EPC inspection conducted in November 2023. 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 MAYFIELD ROAD lies on this distribution: 36% of detached houses houses are smaller than 2 MAYFIELD ROAD, and 63% of houses are larger. Note that EPC data is not available for all properties in Banbury.

2 MAYFIELD ROAD: Plot and Title Map

2 MAYFIELD ROAD sits on a plot of roughly 0.124 of an acre, or 502m². The below map shows the location of 2 MAYFIELD ROAD, 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 MAYFIELD ROAD). 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 MAYFIELD ROAD?

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