7, JONES WAY, BANBURY, OX16 1HT - £420,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 JONES WAY is a midsized detached house of 109m², built in 2018. It was last sold for £420,000 in January 2023, which was around 26% below the average January 2023 detached price in the Cherwell local authority area. The most recent EPC inspection was March 2021, where the current energy rating was B, and the potential energy rating was A.

7 JONES WAY Sold Prices

Land registry data shows two sales for 7 JONES WAY 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 7 JONES WAY 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
2023 6 JAN	£420,000	£569,255	26% below HPI
2021 13 APR	£340,000	£488,313	30% below HPI

7 JONES WAY 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 7 JONES WAY sales from April 2021 and January 2023 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 April 2021 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the January 2023 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 7 JONES WAY?

7 JONES WAY is 109m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 50% of detached houses in Banbury, based on EPC data. The below chart shows the distribution of detached houses by size in Banbury, and where 7 JONES WAY lies on this distribution: 46% of detached houses are smaller than 7 JONES WAY, and 52% of houses are larger. Note that EPC data is not available for all properties in Banbury.

7 JONES WAY: Plot and Title Map

7 JONES WAY sits on a plot of roughly 0.072 of an acre, or 292m². The below map shows the location of 7 JONES 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 7 JONES 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 7 JONES WAY?

7 JONES WAY is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 7 on JONES WAY.