8, MARTEN GATE, BANBURY, OX16 9YB - £375,000

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.

8 MARTEN GATE is a large extended detached house of 124m², built sometime between 1976 and 1982, which could now be worth an estimated £455,474. It was last sold for £375,000 in July 2017, which was around 20% below the average July 2017 detached price in the Cherwell local authority area. The most recent EPC inspection was March 2013, where the current energy rating was C, and the potential energy rating was B.

8 MARTEN GATE Sold Prices

Land registry data shows three sales for 8 MARTEN GATE 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 8 MARTEN GATE 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
2017 7 JUL	£375,000	£470,437	20% below HPI
2013 2 AUG	£276,000	£357,619	23% below HPI
2007 22 OCT	£290,000	£358,236	19% below HPI

8 MARTEN GATE 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 8 MARTEN GATE sales between October 2007 and July 2017 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 August 2013 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the July 2017 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 8 MARTEN GATE be worth now?

8 MARTEN GATE might now be worth an estimated £455,474.

This is based on house price inflation of 21.5%, between July 2017 and March 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 21.5% inflationary increase is applied to the most recent sale price for 8 MARTEN GATE of £375,000 on 7th July 2017. For the value to have increased from £375,000 to £455,474 over the eight years and four months to March 2025, the following assumptions must hold true:

• The value of 8 MARTEN GATE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The July 2017 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MARTEN GATE has not materially changed since July 2017.

How Large is 8 MARTEN GATE?

8 MARTEN GATE is 124m², which includes two extensions, according to the EPC inspection conducted in March 2013. This puts it in the largest 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 8 MARTEN GATE lies on this distribution: 66% of detached houses houses are smaller than 8 MARTEN GATE, and 33% of houses are larger. Note that EPC data is not available for all properties in Banbury.

8 MARTEN GATE: Plot and Title Map

8 MARTEN GATE sits on a plot of roughly 0.126 of an acre, or 509m². The below map shows the location of 8 MARTEN GATE, 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 8 MARTEN GATE). 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 8 MARTEN GATE?

8 MARTEN GATE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 8 on MARTEN GATE.