54, NURSERY DRIVE, BANBURY, OX16 2LY - £275,000

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.

54 NURSERY DRIVE is a very small detached house of 78m², built sometime between 1976 and 1982, which could now be worth an estimated £337,862. It was last sold for £275,000 in December 2016, which was around 41% below the average December 2016 detached price in the Cherwell local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

54 NURSERY DRIVE Sold Prices

Land registry data shows three sales for 54 NURSERY DRIVE 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 54 NURSERY DRIVE 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
2016 14 DEC	£275,000	£463,174	41% below HPI
2003 8 AUG	£167,500	£281,392	40% below HPI
1995 19 MAY	£55,250	£96,779	43% below HPI

54 NURSERY DRIVE 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 54 NURSERY DRIVE sales between May 1995 and December 2016 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 August 2003 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the December 2016 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 54 NURSERY DRIVE be worth now?

54 NURSERY DRIVE might now be worth an estimated £337,862.

This is based on house price inflation of 22.9%, between December 2016 and February 2025, 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 22.9% inflationary increase is applied to the most recent sale price for 54 NURSERY DRIVE of £275,000 on 14th December 2016. For the value to have increased from £275,000 to £337,862 over the nine years and ten months to February 2025, the following assumptions must hold true:

• The value of 54 NURSERY DRIVE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The December 2016 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 54 NURSERY DRIVE has not materially changed since December 2016.

How Large is 54 NURSERY DRIVE?

54 NURSERY DRIVE is 78m² according to the EPC inspection conducted in October 2016. This puts it in the smallest 20% 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 54 NURSERY DRIVE lies on this distribution: 10% of detached houses houses are smaller than 54 NURSERY DRIVE, and 89% of houses are larger. Note that EPC data is not available for all properties in Banbury.

54 NURSERY DRIVE: Plot and Title Map

54 NURSERY DRIVE sits on a plot of roughly 0.086 of an acre, or 349m². The below map shows the location of 54 NURSERY DRIVE, 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 54 NURSERY DRIVE). 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 54 NURSERY DRIVE?

54 NURSERY DRIVE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 54 on NURSERY DRIVE.