HOBBIT, BANBURY ROAD, BLOXHAM, BANBURY, OX15 4PD - £490,000

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.

HOBBIT is a very small detached house of 33m², built sometime between 1991 and 1995, which could now be worth an estimated £814,220. It was last sold for £490,000 in April 2008, which was around 43% above the average April 2008 detached price in the Cherwell local authority area. The most recent EPC inspection was September 2010, where the current energy rating was E, and the potential energy rating was D.

HOBBIT Sold Prices

Land registry data shows three sales for HOBBIT 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 HOBBIT sales were for above 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
2008 15 APR	£490,000	£342,456	43% above HPI
2005 29 APR	£400,000	£293,420	36% above HPI
1999 19 MAR	£245,000	£144,173	70% above HPI

HOBBIT 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 HOBBIT sales between March 1999 and April 2008 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 2005 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the April 2008 sale, where it rises to 43% above the HPI. The line then continues to track at 43% above the HPI.

What might HOBBIT be worth now?

HOBBIT might now be worth an estimated £814,220.

This is based on house price inflation of 66.2%, between April 2008 and February 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 66.2% inflationary increase is applied to the most recent sale price for HOBBIT of £490,000 on 15th April 2008. For the value to have increased from £490,000 to £814,220 over the seventeen years and two months to February 2025, the following assumptions must hold true:

• The value of HOBBIT has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The April 2008 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of HOBBIT has not materially changed since April 2008.

How Large is HOBBIT?

HOBBIT is 33m² according to the EPC inspection conducted in September 2010. This puts it in the smallest 10% of detached houses houses in Bloxham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bloxham, and where HOBBIT lies on this distribution: Less than 1% of detached houses houses are smaller than HOBBIT, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Bloxham.

HOBBIT: Plot and Title Map

HOBBIT sits on a plot of roughly 0.183 of an acre, or 740m². The below map shows the location of HOBBIT, 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 HOBBIT). 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 HOBBIT?

HOBBIT is located on BANBURY ROAD in BLOXHAM, in the OX15 postcode district. The below map shows the position of HOBBIT on BANBURY ROAD.