3, WESTMINSTER WAY, BANBURY, OX16 4FA - £146,000

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 WESTMINSTER WAY is a very small semi-detached house of 64m², built sometime between 1983 and 1990, which could now be worth an estimated £277,384. It was last sold for £146,000 in May 2005, which was around 20% below the average May 2005 semi-detached price in the Cherwell local authority area. The most recent EPC inspection was June 2015, where the current energy rating was C, and the potential energy rating was B.

3 WESTMINSTER WAY Sold Prices

Land registry data shows two sales for 3 WESTMINSTER WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Cherwell local authority area for the corresponding sale date. Both of the two 3 WESTMINSTER WAY 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
2005 10 MAY	£146,000	£183,257	20% below HPI
1996 11 NOV	£55,500	£59,585	7% below HPI

3 WESTMINSTER WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cherwell local authority area over time, sourced from the HPI. The two 3 WESTMINSTER WAY sales from November 1996 and May 2005 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 November 1996 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the May 2005 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 3 WESTMINSTER WAY be worth now?

3 WESTMINSTER WAY might now be worth an estimated £277,384.

This is based on house price inflation of 90%, between May 2005 and February 2025, for semi-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 90% inflationary increase is applied to the most recent sale price for 3 WESTMINSTER WAY of £146,000 on 10th May 2005. For the value to have increased from £146,000 to £277,384 over the twenty years and three months to February 2025, the following assumptions must hold true:

• The value of 3 WESTMINSTER WAY has moved in line with the HPI for semi-detached houses in the Cherwell local authority area.
• The May 2005 sale price of £146,000 represented a fair market value for the property.
• The size, condition, and specification of 3 WESTMINSTER WAY has not materially changed since May 2005.

How Large is 3 WESTMINSTER WAY?

3 WESTMINSTER WAY is 64m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 10% of semi-detached houses houses in Banbury, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Banbury, and where 3 WESTMINSTER WAY lies on this distribution: 3% of semi-detached houses houses are smaller than 3 WESTMINSTER WAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Banbury.

3 WESTMINSTER WAY: Plot and Title Map

3 WESTMINSTER WAY sits on a plot of roughly 0.046 of an acre, or 185m². The below map shows the location of 3 WESTMINSTER WAY, 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 WESTMINSTER WAY). 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 WESTMINSTER WAY?

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