3, USHER DRIVE, BANBURY, OX16 1AG - £447,000

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 USHER DRIVE is a very large extended detached house of 154m², built sometime between 2003 and 2006. It was last sold for £447,000 in May 2021, which was around 10% below the average May 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 USHER DRIVE Sold Prices

Land registry data shows four sales for 3 USHER 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. Most of the four 3 USHER 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 7 MAY	£447,000	£495,225	10% below HPI
2018 29 JAN	£417,000	£476,757	13% below HPI
2010 1 OCT	£320,000	£353,105	9% below HPI
2004 29 SEP	£332,000	£305,025	9% above HPI

3 USHER 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 USHER DRIVE sales between September 2004 and May 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 January 2018 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the May 2021 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 3 USHER DRIVE?

3 USHER DRIVE is 154m², which includes one extension, according to the EPC inspection conducted in November 2020. This puts it in the largest 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 3 USHER DRIVE lies on this distribution: 88% of detached houses are smaller than 3 USHER DRIVE, and 12% of houses are larger. Note that EPC data is not available for all properties in Banbury.

3 USHER DRIVE: Plot and Title Map

3 USHER DRIVE sits on a plot of roughly 0.107 of an acre, or 433m². The below map shows the location of 3 USHER 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 USHER 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 USHER DRIVE?

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