MARTINS, ROPE WAY, HOOK NORTON, BANBURY, OX15 5PZ - £535,000

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

MARTINS is a large detached house of 147m², built sometime between 1996 and 2002. It was last sold for £535,000 in May 2021, which was around 8% above the average May 2021 detached price in the Cherwell local authority area. The most recent EPC inspection was December 2014, where the current energy rating was D, and the potential energy rating was C.

MARTINS Sold Prices

Land registry data shows three sales for MARTINS 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 MARTINS 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
2021 30 MAY	£535,000	£495,225	8% above HPI
2007 4 MAY	£360,000	£335,088	7% above HPI
1999 16 NOV	£179,950	£167,836	7% above HPI

MARTINS 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 MARTINS sales between November 1999 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 May 2007 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the May 2021 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is MARTINS?

MARTINS is 147m² according to the EPC inspection conducted in December 2014. This puts it in the largest 30% of detached houses in Hook Norton, based on EPC data. The below chart shows the distribution of detached houses by size in Hook Norton, and where MARTINS lies on this distribution: 72% of detached houses are smaller than MARTINS, and 28% of houses are larger. Note that EPC data is not available for all properties in Hook Norton.

MARTINS: Plot and Title Map

MARTINS sits on a plot of roughly 0.124 of an acre, or 503m². The below map shows the location of MARTINS, 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 MARTINS). 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 MARTINS?

MARTINS is located on ROPE WAY in HOOK NORTON, in the OX15 postcode district. The below map shows the position of MARTINS on ROPE WAY.