5, LORD GRANDISON WAY, BANBURY, OX16 1EQ - £245,000

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.

5 LORD GRANDISON WAY is a very small semi-detached house of 82m², built sometime between 2003 and 2006, which could now be worth an estimated £311,180. It was last sold for £245,000 in November 2019, which was around 11% below the average November 2019 semi-detached price in the Cherwell local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

5 LORD GRANDISON WAY Sold Prices

Land registry data shows five sales for 5 LORD GRANDISON WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Cherwell local authority area for the corresponding sale date. Most of the five 5 LORD GRANDISON WAY sales were for above 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
2019 8 NOV	£245,000	£274,122	11% below HPI
2009 3 JUL	£180,000	£186,362	3% below HPI
2006 8 SEP	£205,000	£203,193	1% above HPI
2005 18 MAY	£194,950	£183,257	6% above HPI
2003 27 JUN	£165,000	£161,561	2% above HPI

5 LORD GRANDISON 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 five 5 LORD GRANDISON WAY sales between June 2003 and November 2019 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 2009 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the November 2019 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 5 LORD GRANDISON WAY be worth now?

5 LORD GRANDISON WAY might now be worth an estimated £311,180.

This is based on house price inflation of 27%, between November 2019 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 27% inflationary increase is applied to the most recent sale price for 5 LORD GRANDISON WAY of £245,000 on 8th November 2019. For the value to have increased from £245,000 to £311,180 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of 5 LORD GRANDISON WAY has moved in line with the HPI for semi-detached houses in the Cherwell local authority area.
• The November 2019 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 5 LORD GRANDISON WAY has not materially changed since November 2019.

How Large is 5 LORD GRANDISON WAY?

5 LORD GRANDISON WAY is 82m² according to the EPC inspection conducted in June 2019. This puts it in the smallest 20% 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 5 LORD GRANDISON WAY lies on this distribution: 13% of semi-detached houses houses are smaller than 5 LORD GRANDISON WAY, and 86% of houses are larger. Note that EPC data is not available for all properties in Banbury.

5 LORD GRANDISON WAY: Plot and Title Map

5 LORD GRANDISON WAY sits on a plot of roughly 0.051 of an acre, or 205m². The below map shows the location of 5 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 5 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 5 LORD GRANDISON WAY?

5 LORD GRANDISON WAY is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 5 on LORD GRANDISON WAY.