24, SPINNEY DRIVE, BANBURY, OX16 9TA - £275,000

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 SPINNEY DRIVE is a very small extended detached house of 81m², built sometime between 1967 and 1975, which could now be worth an estimated £326,526. It was last sold for £275,000 in October 2020, which was around 43% below the average October 2020 detached price in the Cherwell local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was C.

24 SPINNEY DRIVE Sold Prices

Land registry data shows four sales for 24 SPINNEY DRIVE 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 24 SPINNEY DRIVE 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 23 OCT	£275,000	£479,253	43% below HPI
2017 3 NOV	£285,000	£480,781	41% below HPI
2002 31 MAY	£147,500	£226,221	35% below HPI
1998 23 OCT	£88,000	£142,833	38% below HPI

24 SPINNEY DRIVE 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 24 SPINNEY DRIVE sales between October 1998 and October 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 November 2017 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the October 2020 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 24 SPINNEY DRIVE be worth now?

24 SPINNEY DRIVE might now be worth an estimated £326,526.

This is based on house price inflation of 18.7%, between October 2020 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 18.7% inflationary increase is applied to the most recent sale price for 24 SPINNEY DRIVE of £275,000 on 23rd October 2020. For the value to have increased from £275,000 to £326,526 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 24 SPINNEY DRIVE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The October 2020 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 24 SPINNEY DRIVE has not materially changed since October 2020.

How Large is 24 SPINNEY DRIVE?

24 SPINNEY DRIVE is 81m², which includes one extension, according to the EPC inspection conducted in July 2017. This puts it in the smallest 20% 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 SPINNEY DRIVE lies on this distribution: 13% of detached houses houses are smaller than 24 SPINNEY DRIVE, and 87% of houses are larger. Note that EPC data is not available for all properties in Banbury.

24 SPINNEY DRIVE: Plot and Title Map

24 SPINNEY DRIVE sits on a plot of roughly 0.075 of an acre, or 302m². The below map shows the location of 24 SPINNEY DRIVE, 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 SPINNEY DRIVE). 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 SPINNEY DRIVE?

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