49, WESTMINSTER WAY, BANBURY, OX16 4FW - £240,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

49 WESTMINSTER WAY is a very small semi-detached house of 65m², built sometime between 1991 and 1995. It was last sold for £240,000 in September 2021, which was around 53% below the average September 2021 detached price in the Cherwell local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

49 WESTMINSTER WAY Sold Prices

Land registry data shows four sales for 49 WESTMINSTER WAY 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 49 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
2021 24 SEP	£240,000	£505,541	53% below HPI
2019 27 MAR	£225,000	£473,030	52% below HPI
2001 31 AUG	£110,000	£208,652	47% below HPI
1999 3 MAR	£75,500	£146,298	48% below HPI

49 WESTMINSTER 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 four 49 WESTMINSTER WAY sales between March 1999 and September 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 March 2019 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the September 2021 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 49 WESTMINSTER WAY?

49 WESTMINSTER WAY is 65m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 10% of detached houses in Banbury, based on EPC data. The below chart shows the distribution of detached houses by size in Banbury, and where 49 WESTMINSTER WAY lies on this distribution: 3% of detached houses are smaller than 49 WESTMINSTER WAY, and 96% of houses are larger. Note that EPC data is not available for all properties in Banbury.

49 WESTMINSTER WAY: Plot and Title Map

49 WESTMINSTER WAY sits on a plot of roughly 0.043 of an acre, or 172m². The below map shows the location of 49 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 49 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 49 WESTMINSTER WAY?

49 WESTMINSTER WAY is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 49 on WESTMINSTER WAY.