MICHAELMAS COTTAGE, PARK ROAD, HOOK NORTON, BANBURY, OX15 5PY - £482,500

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.

MICHAELMAS COTTAGE is a very small detached house of 87m², built sometime between 1996 and 2002, which could now be worth an estimated £819,825. It was last sold for £482,500 in December 2011, which was around 44% above the average December 2011 detached price in the Cherwell local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was D.

MICHAELMAS COTTAGE Sold Prices

Land registry data shows three sales for MICHAELMAS COTTAGE 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 MICHAELMAS COTTAGE 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
2011 2 DEC	£482,500	£334,909	44% above HPI
1999 28 JUL	£242,000	£152,521	59% above HPI
1997 4 NOV	£175,500	£128,156	37% above HPI

MICHAELMAS COTTAGE 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 MICHAELMAS COTTAGE sales between November 1997 and December 2011 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 July 1999 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the December 2011 sale, where it falls to 44% above the HPI. The line then continues to track at 44% above the HPI.

What might MICHAELMAS COTTAGE be worth now?

MICHAELMAS COTTAGE might now be worth an estimated £819,825.

This is based on house price inflation of 69.9%, between December 2011 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 69.9% inflationary increase is applied to the most recent sale price for MICHAELMAS COTTAGE of £482,500 on 2nd December 2011. For the value to have increased from £482,500 to £819,825 over the fourteen years and ten months to February 2025, the following assumptions must hold true:

• The value of MICHAELMAS COTTAGE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The December 2011 sale price of £482,500 represented a fair market value for the property.
• The size, condition, and specification of MICHAELMAS COTTAGE has not materially changed since December 2011.

How Large is MICHAELMAS COTTAGE?

MICHAELMAS COTTAGE is 87m² according to the EPC inspection conducted in August 2011. This puts it in the smallest 20% of detached houses houses in Hook Norton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hook Norton, and where MICHAELMAS COTTAGE lies on this distribution: 14% of detached houses houses are smaller than MICHAELMAS COTTAGE, and 86% of houses are larger. Note that EPC data is not available for all properties in Hook Norton.

MICHAELMAS COTTAGE: Plot and Title Map

MICHAELMAS COTTAGE sits on a plot of roughly 0.124 of an acre, or 500m². The below map shows the location of MICHAELMAS COTTAGE, 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 MICHAELMAS COTTAGE). 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 MICHAELMAS COTTAGE?

MICHAELMAS COTTAGE is located on PARK ROAD in HOOK NORTON, in the OX15 postcode district. The below map shows the position of MICHAELMAS COTTAGE on PARK ROAD.