2, OLD SCHOOL PLACE, BANBURY, OX16 4UB - £170,000

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 OLD SCHOOL PLACE is a very small semi-detached house of 69m², built sometime between 1991 and 1995, which could now be worth an estimated £283,122. It was last sold for £170,000 in August 2011, which was around 19% below the average August 2011 semi-detached price in the Cherwell local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

2 OLD SCHOOL PLACE Sold Prices

Land registry data shows two sales for 2 OLD SCHOOL PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Cherwell local authority area for the corresponding sale date. Both of the two 2 OLD SCHOOL PLACE 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
2011 19 AUG	£170,000	£211,086	19% below HPI
1998 21 DEC	£75,000	£82,971	10% below HPI

2 OLD SCHOOL PLACE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cherwell local authority area over time, sourced from the HPI. The two 2 OLD SCHOOL PLACE sales from December 1998 and August 2011 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 December 1998 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the August 2011 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 2 OLD SCHOOL PLACE be worth now?

2 OLD SCHOOL PLACE might now be worth an estimated £283,122.

This is based on house price inflation of 66.5%, between August 2011 and March 2025, for semi-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 66.5% inflationary increase is applied to the most recent sale price for 2 OLD SCHOOL PLACE of £170,000 on 19th August 2011. For the value to have increased from £170,000 to £283,122 over the fourteen years and five months to March 2025, the following assumptions must hold true:

• The value of 2 OLD SCHOOL PLACE has moved in line with the HPI for semi-detached houses in the Cherwell local authority area.
• The August 2011 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OLD SCHOOL PLACE has not materially changed since August 2011.

How Large is 2 OLD SCHOOL PLACE?

2 OLD SCHOOL PLACE is 69m² according to the EPC inspection conducted in October 2016. This puts it in the smallest 10% of semi-detached houses houses in Banbury, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Banbury, and where 2 OLD SCHOOL PLACE lies on this distribution: 6% of semi-detached houses houses are smaller than 2 OLD SCHOOL PLACE, and 94% of houses are larger. Note that EPC data is not available for all properties in Banbury.

2 OLD SCHOOL PLACE: Plot and Title Map

2 OLD SCHOOL PLACE sits on a plot of roughly 0.049 of an acre, or 198m². The below map shows the location of 2 OLD SCHOOL PLACE, 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 OLD SCHOOL PLACE). 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 OLD SCHOOL PLACE?

2 OLD SCHOOL PLACE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 2 on OLD SCHOOL PLACE.