9, LOCK DRIVE, BANBURY, OX16 9FD - £440,000

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

9 LOCK DRIVE is a midsized detached house of 118m². It was last sold for £440,000 in May 2023, which was around 22% below the average May 2023 detached price in the Cherwell local authority area. The most recent EPC inspection was September 2019, where the current energy rating was B, and the potential energy rating was A.

9 LOCK DRIVE Sold Prices

Land registry data shows two sales for 9 LOCK DRIVE 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 9 LOCK DRIVE 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 12 MAY	£440,000	£565,333	22% below HPI
2019 13 DEC	£377,995	£453,280	17% below HPI

9 LOCK DRIVE 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 9 LOCK DRIVE sales from December 2019 and May 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 December 2019 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the May 2023 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 9 LOCK DRIVE?

9 LOCK DRIVE is 118m² according to the EPC inspection conducted in September 2019. This puts it in the largest 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 9 LOCK DRIVE lies on this distribution: 58% of detached houses are smaller than 9 LOCK DRIVE, and 40% of houses are larger. Note that EPC data is not available for all properties in Banbury.

9 LOCK DRIVE: Plot and Title Map

9 LOCK DRIVE sits on a plot of roughly 0.079 of an acre, or 320m². The below map shows the location of 9 LOCK DRIVE, 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 9 LOCK DRIVE). 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 9 LOCK DRIVE?

9 LOCK DRIVE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 9 on LOCK DRIVE.