38, LORD GRANDISON WAY, BANBURY, OX16 1EP - £195,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

38 LORD GRANDISON WAY is a very small detached house of 72m², built sometime between 2003 and 2006, which could now be worth an estimated £337,399. It was last sold for £195,000 in July 2011, which was around 42% below the average July 2011 detached price in the Cherwell local authority area. The most recent EPC inspection was February 2010, where the current energy rating was C, and the potential energy rating was C.

38 LORD GRANDISON WAY Sold Prices

Land registry data shows three sales for 38 LORD GRANDISON WAY 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 38 LORD GRANDISON 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
2011 1 JUL	£195,000	£337,949	42% below HPI
2010 23 JUL	£195,000	£341,857	43% below HPI
2004 30 MAR	£175,000	£275,808	37% below HPI

38 LORD GRANDISON WAY 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 38 LORD GRANDISON WAY sales between March 2004 and July 2011 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 July 2010 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the July 2011 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 38 LORD GRANDISON WAY be worth now?

38 LORD GRANDISON WAY might now be worth an estimated £337,399.

This is based on house price inflation of 73%, between July 2011 and December 2024, 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 73% inflationary increase is applied to the most recent sale price for 38 LORD GRANDISON WAY of £195,000 on 1st July 2011. For the value to have increased from £195,000 to £337,399 over the twelve years and seven months to December 2024, the following assumptions must hold true:

• The value of 38 LORD GRANDISON WAY has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The July 2011 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 38 LORD GRANDISON WAY has not materially changed since July 2011.

How Large is 38 LORD GRANDISON WAY?

38 LORD GRANDISON WAY is 72m² according to the EPC inspection conducted in February 2010. 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 38 LORD GRANDISON WAY lies on this distribution: 7% of detached houses houses are smaller than 38 LORD GRANDISON WAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Banbury.

38 LORD GRANDISON WAY: Plot and Title Map

38 LORD GRANDISON WAY sits on a plot of roughly 0.049 of an acre, or 199m². The below map shows the location of 38 LORD GRANDISON 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 38 LORD GRANDISON 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 38 LORD GRANDISON WAY?

38 LORD GRANDISON WAY is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 38 on LORD GRANDISON WAY.