61, AUSTIN DRIVE, BANBURY, OX16 1DG - £250,000

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.

61 AUSTIN DRIVE is a small extended detached house of 99m², built sometime between 1950 and 1966, which could now be worth an estimated £300,388. It was last sold for £250,000 in May 2018, which was around 47% below the average May 2018 detached price in the Cherwell local authority area. The most recent EPC inspection was May 2018, where the current energy rating was E, and the potential energy rating was D.

61 AUSTIN DRIVE Sold Prices

Land registry data shows two sales for 61 AUSTIN DRIVE 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 61 AUSTIN 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
2018 11 MAY	£250,000	£473,596	47% below HPI
2005 26 MAY	£208,000	£294,577	29% below HPI

61 AUSTIN 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 two 61 AUSTIN DRIVE sales from May 2005 and May 2018 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 May 2005 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the May 2018 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

What might 61 AUSTIN DRIVE be worth now?

61 AUSTIN DRIVE might now be worth an estimated £300,388.

This is based on house price inflation of 20.2%, between May 2018 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 20.2% inflationary increase is applied to the most recent sale price for 61 AUSTIN DRIVE of £250,000 on 11th May 2018. For the value to have increased from £250,000 to £300,388 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of 61 AUSTIN DRIVE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The May 2018 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 61 AUSTIN DRIVE has not materially changed since May 2018.

How Large is 61 AUSTIN DRIVE?

61 AUSTIN DRIVE is 99m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the smallest 40% 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 61 AUSTIN DRIVE lies on this distribution: 34% of detached houses houses are smaller than 61 AUSTIN DRIVE, and 65% of houses are larger. Note that EPC data is not available for all properties in Banbury.

61 AUSTIN DRIVE: Plot and Title Map

61 AUSTIN DRIVE sits on a plot of roughly 0.088 of an acre, or 355m². The below map shows the location of 61 AUSTIN 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 61 AUSTIN 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 61 AUSTIN DRIVE?

61 AUSTIN DRIVE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 61 on AUSTIN DRIVE.