78, HEREFORD WAY, BANBURY, OX16 1UD - £245,000

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

78 HEREFORD WAY is a very small detached house of 83m², built sometime between 1983 and 1990. It was last sold for £245,000 in June 2015, which was around 44% below the average June 2015 detached price in the Cherwell local authority area. The most recent EPC inspection was January 2015, where the current energy rating was C, and the potential energy rating was B.

78 HEREFORD WAY Sold Prices

Land registry data shows two sales for 78 HEREFORD 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 78 HEREFORD 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
2015 5 JUN	£245,000	£434,557	44% below HPI
2007 29 NOV	£225,000	£363,840	38% below HPI

78 HEREFORD 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 78 HEREFORD WAY sales from November 2007 and June 2015 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 November 2007 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the June 2015 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 78 HEREFORD WAY?

78 HEREFORD WAY is 83m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 20% of detached houses in Banbury, based on EPC data. The below chart shows the distribution of detached houses by size in Banbury, and where 78 HEREFORD WAY lies on this distribution: 14% of detached houses are smaller than 78 HEREFORD WAY, and 85% of houses are larger. Note that EPC data is not available for all properties in Banbury.

78 HEREFORD WAY: Plot and Title Map

78 HEREFORD WAY sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 78 HEREFORD 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 78 HEREFORD 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 78 HEREFORD WAY?

78 HEREFORD WAY is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 78 on HEREFORD WAY.