3, OAK FARM DRIVE, MILCOMBE, BANBURY, OX15 4GA - £420,000

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 OAK FARM DRIVE is a midsized detached house of 126m². It was last sold for £420,000 in March 2021, which was around 14% below the average March 2021 detached price in the Cherwell local authority area. The most recent EPC inspection was July 2014, where the current energy rating was C, and the potential energy rating was B.

3 OAK FARM DRIVE Sold Prices

Land registry data shows four sales for 3 OAK FARM 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. Two of the four 3 OAK FARM DRIVE sales were for below the average price, whilst one was for above 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 16 MAR	£420,000	£487,015	14% below HPI
2016 11 FEB	£390,000	£454,928	14% below HPI
2015 16 JAN	£410,000	£410,470	Close to HPI
2014 12 JUN	£410,000	£393,809	4% above HPI

3 OAK FARM 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 3 OAK FARM DRIVE sales between June 2014 and March 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 February 2016 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the March 2021 sale, which was also at 14% below the HPI.

How Large is 3 OAK FARM DRIVE?

3 OAK FARM DRIVE is 126m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 50% of detached houses in Milcombe, based on EPC data. The below chart shows the distribution of detached houses by size in Milcombe, and where 3 OAK FARM DRIVE lies on this distribution: 48% of detached houses are smaller than 3 OAK FARM DRIVE, and 52% of houses are larger. Note that EPC data is not available for all properties in Milcombe.

3 OAK FARM DRIVE: Plot and Title Map

3 OAK FARM DRIVE sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of 3 OAK FARM 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 OAK FARM 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 OAK FARM DRIVE?

3 OAK FARM DRIVE is located in MILCOMBE, in the OX15 postcode district. The below map shows the position of No. 3 on OAK FARM DRIVE.