27, LAPSLEY DRIVE, BANBURY, OX16 1EL - £345,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

27 LAPSLEY DRIVE is a very small extended detached house of 86m², built sometime between 2003 and 2006. It was last sold for £345,000 in November 2022, which was around 40% below the average November 2022 detached price in the Cherwell local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

27 LAPSLEY DRIVE Sold Prices

Land registry data shows four sales for 27 LAPSLEY 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 27 LAPSLEY 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
2022 25 NOV	£345,000	£573,735	40% below HPI
2016 26 AUG	£259,995	£475,808	45% below HPI
2009 17 AUG	£190,000	£314,687	40% below HPI
2004 25 JUN	£169,100	£289,349	42% below HPI

27 LAPSLEY 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 27 LAPSLEY DRIVE sales between June 2004 and November 2022 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 August 2016 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the November 2022 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 27 LAPSLEY DRIVE?

27 LAPSLEY DRIVE is 86m², which includes one extension, according to the EPC inspection conducted in September 2022. This puts it in the smallest 20% of detached houses in Banbury, based on EPC data. The below chart shows the distribution of detached houses by size in Banbury, and where 27 LAPSLEY DRIVE lies on this distribution: 18% of detached houses are smaller than 27 LAPSLEY DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Banbury.

27 LAPSLEY DRIVE: Plot and Title Map

27 LAPSLEY DRIVE sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 27 LAPSLEY 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 27 LAPSLEY 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 27 LAPSLEY DRIVE?

27 LAPSLEY DRIVE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 27 on LAPSLEY DRIVE.