23, PROSPECT ROAD, BANBURY, OX16 5HW - £276,000

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

23 PROSPECT ROAD is a large extended detached house of 126m², built sometime between 1900 and 1929. It was last sold for £276,000 in February 2021, which was around 44% below the average February 2021 detached price in the Cherwell local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was C.

23 PROSPECT ROAD Sold Prices

Land registry data shows four sales for 23 PROSPECT ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. All of the four 23 PROSPECT 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
2021 26 FEB	£276,000	£491,489	44% below HPI
2007 7 SEP	£220,000	£363,490	39% below HPI
2003 4 JUL	£199,950	£281,107	29% below HPI
1995 3 NOV	£64,000	£97,408	34% below HPI

23 PROSPECT 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 four 23 PROSPECT ROAD sales between November 1995 and February 2021 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 September 2007 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the February 2021 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 23 PROSPECT ROAD?

23 PROSPECT ROAD is 126m², which includes three extensions, according to the EPC inspection conducted in August 2019. This puts it in the largest 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 23 PROSPECT ROAD lies on this distribution: 68% of detached houses are smaller than 23 PROSPECT ROAD, and 31% of houses are larger. Note that EPC data is not available for all properties in Banbury.

23 PROSPECT ROAD: Plot and Title Map

23 PROSPECT ROAD sits on a plot of roughly 0.026 of an acre, or 103m². The below map shows the location of 23 PROSPECT 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 23 PROSPECT 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 23 PROSPECT ROAD?

23 PROSPECT ROAD is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 23 on PROSPECT ROAD.