3, TOWNS FIELD, BANBURY, OX16 1HS - £462,500

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 TOWNS FIELD is a very large detached house of 142m², which could now be worth an estimated £480,146. It was last sold for £462,500 in September 2023, which was around 16% below the average September 2023 detached price in the Cherwell local authority area. The most recent EPC inspection was September 2020, where the current energy rating was B, and the potential energy rating was A.

3 TOWNS FIELD Sold Prices

Land registry data shows three sales for 3 TOWNS FIELD 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 3 TOWNS FIELD 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
2023 12 SEP	£462,500	£550,392	16% below HPI
2023 27 APR	£475,000	£566,637	16% below HPI
2020 3 DEC	£422,000	£489,817	14% below HPI

3 TOWNS FIELD 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 3 TOWNS FIELD sales between December 2020 and September 2023 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 April 2023 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the September 2023 sale, which was also at 16% below the HPI.

What might 3 TOWNS FIELD be worth now?

3 TOWNS FIELD might now be worth an estimated £480,146.

This is based on house price inflation of 3.8%, between September 2023 and March 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 3.8% inflationary increase is applied to the most recent sale price for 3 TOWNS FIELD of £462,500 on 12th September 2023. For the value to have increased from £462,500 to £480,146 over the two years and six months to March 2025, the following assumptions must hold true:

• The value of 3 TOWNS FIELD has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The September 2023 sale price of £462,500 represented a fair market value for the property.
• The size, condition, and specification of 3 TOWNS FIELD has not materially changed since September 2023.

How Large is 3 TOWNS FIELD?

3 TOWNS FIELD is 142m² according to the EPC inspection conducted in September 2020. This puts it in the largest 20% 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 TOWNS FIELD lies on this distribution: 81% of detached houses houses are smaller than 3 TOWNS FIELD, and 18% of houses are larger. Note that EPC data is not available for all properties in Banbury.

3 TOWNS FIELD: Plot and Title Map

3 TOWNS FIELD sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 3 TOWNS FIELD, 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 TOWNS FIELD). 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 TOWNS FIELD?

3 TOWNS FIELD is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 3 on TOWNS FIELD.