6, THE SHEARINGS, HOOK NORTON, BANBURY, OX15 5PT - £215,000

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.

6 THE SHEARINGS is a very small detached house of 46m², built sometime between 1991 and 1995, which could now be worth an estimated £299,648. It was last sold for £215,000 in October 2014, which was around 47% below the average October 2014 detached price in the Cherwell local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was B.

6 THE SHEARINGS Sold Prices

Land registry data shows three sales for 6 THE SHEARINGS 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 6 THE SHEARINGS 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
2014 31 OCT	£215,000	£408,298	47% below HPI
2003 2 OCT	£173,000	£270,006	36% below HPI
1996 9 FEB	£68,500	£96,738	29% below HPI

6 THE SHEARINGS 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 6 THE SHEARINGS sales between February 1996 and October 2014 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 October 2003 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the October 2014 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

What might 6 THE SHEARINGS be worth now?

6 THE SHEARINGS might now be worth an estimated £299,648.

This is based on house price inflation of 39.4%, between October 2014 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 39.4% inflationary increase is applied to the most recent sale price for 6 THE SHEARINGS of £215,000 on 31st October 2014. For the value to have increased from £215,000 to £299,648 over the eleven years and eight months to February 2025, the following assumptions must hold true:

• The value of 6 THE SHEARINGS has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The October 2014 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 6 THE SHEARINGS has not materially changed since October 2014.

How Large is 6 THE SHEARINGS?

6 THE SHEARINGS is 46m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 10% of detached houses houses in Hook Norton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hook Norton, and where 6 THE SHEARINGS lies on this distribution: 1% of detached houses houses are smaller than 6 THE SHEARINGS, and 99% of houses are larger. Note that EPC data is not available for all properties in Hook Norton.

6 THE SHEARINGS: Plot and Title Map

6 THE SHEARINGS sits on a plot of roughly 0.045 of an acre, or 182m². The below map shows the location of 6 THE SHEARINGS, 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 6 THE SHEARINGS). 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 6 THE SHEARINGS?

6 THE SHEARINGS is located in HOOK NORTON, in the OX15 postcode district. The below map shows the position of No. 6 on THE SHEARINGS.