25, WESTMINSTER WAY, BANBURY, OX16 4FA - £171,000

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

25 WESTMINSTER WAY is a very small detached house of 68m², built sometime between 1983 and 1990. It was last sold for £171,000 in July 2013, which was around 53% below the average July 2013 detached price in the Cherwell local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

25 WESTMINSTER WAY Sold Prices

Land registry data shows three sales for 25 WESTMINSTER WAY 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 25 WESTMINSTER WAY 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
2013 29 JUL	£171,000	£360,834	53% below HPI
2003 31 OCT	£156,000	£273,986	43% below HPI
1996 13 DEC	£62,750	£100,237	37% below HPI

25 WESTMINSTER WAY 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 25 WESTMINSTER WAY sales between December 1996 and July 2013 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 October 2003 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the July 2013 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 25 WESTMINSTER WAY?

25 WESTMINSTER WAY is 68m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 10% of detached houses in Banbury, based on EPC data. The below chart shows the distribution of detached houses by size in Banbury, and where 25 WESTMINSTER WAY lies on this distribution: 5% of detached houses are smaller than 25 WESTMINSTER WAY, and 95% of houses are larger. Note that EPC data is not available for all properties in Banbury.

25 WESTMINSTER WAY: Plot and Title Map

25 WESTMINSTER WAY sits on a plot of roughly 0.046 of an acre, or 188m². The below map shows the location of 25 WESTMINSTER WAY, 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 25 WESTMINSTER WAY). 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 25 WESTMINSTER WAY?

25 WESTMINSTER WAY is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 25 on WESTMINSTER WAY.