20, NEW ROAD, MILCOMBE, BANBURY, OX15 4RJ - £290,000

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

20 NEW ROAD is a very small detached house of 74m², built sometime between 1967 and 1975. It was last sold for £290,000 in December 2020, which was around 42% below the average December 2020 detached price in the Cherwell local authority area. The most recent EPC inspection was February 2020, where the current energy rating was F, and the potential energy rating was D.

20 NEW ROAD Sold Prices

Land registry data shows three sales for 20 NEW ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. All of the three 20 NEW 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
2020 4 DEC	£290,000	£497,038	42% below HPI
2005 9 DEC	£175,000	£304,632	43% below HPI
1997 15 AUG	£81,500	£124,459	35% below HPI

20 NEW 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 three 20 NEW ROAD sales between August 1997 and December 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 December 2005 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the December 2020 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 20 NEW ROAD?

20 NEW ROAD is 74m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 10% of detached houses in Milcombe, based on EPC data. The below chart shows the distribution of detached houses by size in Milcombe, and where 20 NEW ROAD lies on this distribution: 6% of detached houses are smaller than 20 NEW ROAD, and 94% of houses are larger. Note that EPC data is not available for all properties in Milcombe.

20 NEW ROAD: Plot and Title Map

20 NEW ROAD sits on a plot of roughly 0.090 of an acre, or 362m². The below map shows the location of 20 NEW 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 20 NEW 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 20 NEW ROAD?

20 NEW ROAD is located in MILCOMBE, in the OX15 postcode district. The below map shows the position of No. 20 on NEW ROAD.