24, CHENEY ROAD, BANBURY, OX16 3HS - £245,000

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.

24 CHENEY ROAD is a midsized detached house of 109m², built sometime between 1950 and 1966, which could now be worth an estimated £295,591. It was last sold for £245,000 in May 2018, which was around 48% below the average May 2018 detached price in the Cherwell local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was C.

24 CHENEY ROAD Sold Prices

Land registry data shows two sales for 24 CHENEY 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 24 CHENEY 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 18 MAY	£245,000	£473,596	48% below HPI
2004 9 JUL	£182,000	£286,538	36% below HPI

24 CHENEY 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 24 CHENEY ROAD sales from July 2004 and May 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 July 2004 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the May 2018 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

What might 24 CHENEY ROAD be worth now?

24 CHENEY ROAD might now be worth an estimated £295,591.

This is based on house price inflation of 20.6%, between May 2018 and March 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 20.6% inflationary increase is applied to the most recent sale price for 24 CHENEY ROAD of £245,000 on 18th May 2018. For the value to have increased from £245,000 to £295,591 over the seven years and two months to March 2025, the following assumptions must hold true:

• The value of 24 CHENEY ROAD has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The May 2018 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 24 CHENEY ROAD has not materially changed since May 2018.

How Large is 24 CHENEY ROAD?

24 CHENEY ROAD is 109m² according to the EPC inspection conducted in April 2011. This puts it in the smallest 50% 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 24 CHENEY ROAD lies on this distribution: 48% of detached houses houses are smaller than 24 CHENEY ROAD, and 52% of houses are larger. Note that EPC data is not available for all properties in Banbury.

24 CHENEY ROAD: Plot and Title Map

24 CHENEY ROAD sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of 24 CHENEY 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 24 CHENEY 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 24 CHENEY ROAD?

24 CHENEY ROAD is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 24 on CHENEY ROAD.