5, OLD SCHOOL PLACE, BANBURY, OX16 4UB - £129,950

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

5 OLD SCHOOL PLACE is a very small detached house of 50m², built sometime between 1976 and 1982, which could now be worth an estimated £283,682. It was last sold for £129,950 in January 2003, which was around 51% below the average January 2003 detached price in the Cherwell local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

5 OLD SCHOOL PLACE Sold Prices

Land registry data shows two sales for 5 OLD SCHOOL PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. Both of the two 5 OLD SCHOOL PLACE 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
2003 10 JAN	£129,950	£267,858	51% below HPI
1998 18 DEC	£79,995	£143,301	44% below HPI

5 OLD SCHOOL PLACE 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 two 5 OLD SCHOOL PLACE sales from December 1998 and January 2003 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 December 1998 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the January 2003 sale, where it falls to 51% below the HPI. The line then continues to track at 51% below the HPI.

What might 5 OLD SCHOOL PLACE be worth now?

5 OLD SCHOOL PLACE might now be worth an estimated £283,682.

This is based on house price inflation of 118.3%, between January 2003 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 118.3% inflationary increase is applied to the most recent sale price for 5 OLD SCHOOL PLACE of £129,950 on 10th January 2003. For the value to have increased from £129,950 to £283,682 over the twenty years and one month to December 2024, the following assumptions must hold true:

• The value of 5 OLD SCHOOL PLACE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The January 2003 sale price of £129,950 represented a fair market value for the property.
• The size, condition, and specification of 5 OLD SCHOOL PLACE has not materially changed since January 2003.

How Large is 5 OLD SCHOOL PLACE?

5 OLD SCHOOL PLACE is 50m² according to the EPC inspection conducted in September 2020. 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 5 OLD SCHOOL PLACE lies on this distribution: 1% of detached houses houses are smaller than 5 OLD SCHOOL PLACE, and 99% of houses are larger. Note that EPC data is not available for all properties in Banbury.

5 OLD SCHOOL PLACE: Plot and Title Map

5 OLD SCHOOL PLACE sits on a plot of roughly 0.053 of an acre, or 213m². The below map shows the location of 5 OLD SCHOOL PLACE, 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 OLD SCHOOL PLACE). 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 OLD SCHOOL PLACE?

5 OLD SCHOOL PLACE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 5 on OLD SCHOOL PLACE.