3, OLD SCHOOL PLACE, BANBURY, OX16 4UB - £166,000

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.

3 OLD SCHOOL PLACE is a very small detached house of 76m², built sometime between 1996 and 2002, which could now be worth an estimated £265,887. It was last sold for £166,000 in May 2013, which was around 53% below the average May 2013 detached price in the Cherwell local authority area. The most recent EPC inspection was February 2015, where the current energy rating was E, and the potential energy rating was B.

3 OLD SCHOOL PLACE Sold Prices

Land registry data shows four sales for 3 OLD SCHOOL PLACE 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 3 OLD SCHOOL PLACE 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 31 MAY	£166,000	£355,272	53% below HPI
2011 8 JUN	£156,000	£336,698	54% below HPI
2003 14 OCT	£144,950	£270,006	46% below HPI
1999 26 MAR	£79,995	£144,173	45% below HPI

3 OLD SCHOOL PLACE 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 OLD SCHOOL PLACE sales between March 1999 and May 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 June 2011 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the May 2013 sale, where it rises to 53% below the HPI. The line then continues to track at 53% below the HPI.

What might 3 OLD SCHOOL PLACE be worth now?

3 OLD SCHOOL PLACE might now be worth an estimated £265,887.

This is based on house price inflation of 60.2%, between May 2013 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 60.2% inflationary increase is applied to the most recent sale price for 3 OLD SCHOOL PLACE of £166,000 on 31st May 2013. For the value to have increased from £166,000 to £265,887 over the twelve years and three months to February 2025, the following assumptions must hold true:

• The value of 3 OLD SCHOOL PLACE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The May 2013 sale price of £166,000 represented a fair market value for the property.
• The size, condition, and specification of 3 OLD SCHOOL PLACE has not materially changed since May 2013.

How Large is 3 OLD SCHOOL PLACE?

3 OLD SCHOOL PLACE is 76m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 10% 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 3 OLD SCHOOL PLACE lies on this distribution: 9% of detached houses houses are smaller than 3 OLD SCHOOL PLACE, and 91% of houses are larger. Note that EPC data is not available for all properties in Banbury.

3 OLD SCHOOL PLACE: Plot and Title Map

3 OLD SCHOOL PLACE sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 3 OLD SCHOOL PLACE, 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 OLD SCHOOL PLACE). 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 OLD SCHOOL PLACE?

3 OLD SCHOOL PLACE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 3 on OLD SCHOOL PLACE.