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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

MICHAELMAS COTTAGE is a very small detached house of 87m², built sometime between 1996 and 2002. It was last sold for £482,500 in December 2011, which was around 42% 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	£339,846	42% above HPI
1999 28 JUL	£242,000	£154,770	56% above HPI
1997 4 NOV	£175,500	£130,045	35% 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 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the December 2011 sale, where it falls to 42% above the HPI. The line then continues to track at 42% above the HPI.

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 in Hook Norton, based on EPC data. The below chart shows the distribution of detached houses by size in Hook Norton, and where MICHAELMAS COTTAGE lies on this distribution: 14% of detached 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.