3, ELLISON DRIVE, BANBURY, OX17 1GH - £485,000

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

3 ELLISON DRIVE is a very large detached house of 170m², built sometime between 2003 and 2006. It was last sold for £485,000 in December 2021, which was around 6% below the average December 2021 detached price in the Cherwell local authority area. The most recent EPC inspection was November 2020, where the current energy rating was C, and the potential energy rating was B.

3 ELLISON DRIVE Sold Prices

Land registry data shows five sales for 3 ELLISON DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. Most of the five 3 ELLISON 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
2021 21 DEC	£485,000	£518,248	6% below HPI
2017 2 JUN	£404,000	£476,287	15% below HPI
2016 16 DEC	£410,000	£470,001	13% below HPI
2010 15 OCT	£330,000	£353,105	7% below HPI
2002 31 MAY	£280,500	£229,556	22% above HPI

3 ELLISON 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 five 3 ELLISON DRIVE sales between May 2002 and December 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 June 2017 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the December 2021 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 3 ELLISON DRIVE?

3 ELLISON DRIVE is 170m² according to the EPC inspection conducted in November 2020. This puts it in the largest 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 3 ELLISON DRIVE lies on this distribution: 93% of detached houses are smaller than 3 ELLISON DRIVE, and 7% of houses are larger. Note that EPC data is not available for all properties in Banbury.

3 ELLISON DRIVE: Plot and Title Map

3 ELLISON DRIVE sits on a plot of roughly 0.085 of an acre, or 345m². The below map shows the location of 3 ELLISON 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 3 ELLISON 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 3 ELLISON DRIVE?

3 ELLISON DRIVE is located in BANBURY, in the OX17 postcode district. The below map shows the position of No. 3 on ELLISON DRIVE.