7, VERNON WAY, BANBURY, OX16 1GF - £385,000

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 VERNON WAY is a small detached house of 90m². It was last sold for £385,000 in October 2023, which was around 30% below the average October 2023 detached price in the Cherwell local authority area. The most recent EPC inspection was March 2018, where the current energy rating was B, and the potential energy rating was A.

7 VERNON WAY Sold Prices

Land registry data shows two sales for 7 VERNON 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 VERNON 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 2 OCT	£385,000	£549,922	30% below HPI
2018 4 APR	£324,995	£494,578	34% below HPI

7 VERNON 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 VERNON WAY sales from April 2018 and October 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 2018 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the October 2023 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 7 VERNON WAY?

7 VERNON WAY is 90m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 30% 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 VERNON WAY lies on this distribution: 22% of detached houses are smaller than 7 VERNON WAY, and 76% of houses are larger. Note that EPC data is not available for all properties in Banbury.

7 VERNON WAY: Plot and Title Map

7 VERNON WAY sits on a plot of roughly 0.053 of an acre, or 215m². The below map shows the location of 7 VERNON 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 VERNON 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 VERNON WAY?

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