NEW HOUSE, NEW ROAD, BANBURY, OX16 9PN - £285,000

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

NEW HOUSE is a very small extended detached house of 68m², built sometime between 2003 and 2006. It was last sold for £285,000 in January 2023, which was around 50% below the average January 2023 detached price in the Cherwell local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

NEW HOUSE Sold Prices

Land registry data shows three sales for NEW HOUSE 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 NEW HOUSE 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 18 JAN	£285,000	£569,255	50% below HPI
2017 16 AUG	£244,000	£478,392	49% below HPI
2006 8 DEC	£215,000	£333,181	35% below HPI

NEW HOUSE 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 NEW HOUSE sales between December 2006 and January 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 August 2017 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the January 2023 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is NEW HOUSE?

NEW HOUSE is 68m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the smallest 10% of detached houses in Banbury, based on EPC data. The below chart shows the distribution of detached houses by size in Banbury, and where NEW HOUSE lies on this distribution: 5% of detached houses are smaller than NEW HOUSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Banbury.

NEW HOUSE: Plot and Title Map

NEW HOUSE sits on a plot of roughly 0.036 of an acre, or 146m². The below map shows the location of NEW HOUSE, 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 NEW HOUSE). 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 NEW HOUSE?

NEW HOUSE is located on NEW ROAD in BANBURY, in the OX16 postcode district. The below map shows the position of NEW HOUSE on NEW ROAD.