8, WESTMINSTER WAY, BANBURY, OX16 4FA - £265,000

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

8 WESTMINSTER WAY is a very small detached house of 67m², built sometime between 1983 and 1990. It was last sold for £265,000 in May 2021, which was around 46% below the average May 2021 detached price in the Cherwell local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

8 WESTMINSTER WAY Sold Prices

Land registry data shows four sales for 8 WESTMINSTER WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. All of the four 8 WESTMINSTER 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
2021 21 MAY	£265,000	£495,225	46% below HPI
2016 21 OCT	£250,000	£470,204	47% below HPI
2015 13 FEB	£219,000	£415,402	47% below HPI
2002 4 NOV	£147,500	£258,934	43% below HPI

8 WESTMINSTER 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 four 8 WESTMINSTER WAY sales between November 2002 and May 2021 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 October 2016 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the May 2021 sale, where it rises to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is 8 WESTMINSTER WAY?

8 WESTMINSTER WAY is 67m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 10% of detached houses in Banbury, based on EPC data. The below chart shows the distribution of detached houses by size in Banbury, and where 8 WESTMINSTER WAY lies on this distribution: 4% of detached houses are smaller than 8 WESTMINSTER WAY, and 95% of houses are larger. Note that EPC data is not available for all properties in Banbury.

8 WESTMINSTER WAY: Plot and Title Map

8 WESTMINSTER WAY sits on a plot of roughly 0.049 of an acre, or 197m². The below map shows the location of 8 WESTMINSTER 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 8 WESTMINSTER 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 8 WESTMINSTER WAY?

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