SPRINGFIELDS, THE BOURNE, HOOK NORTON, BANBURY, OX15 5PB - £117,000

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

SPRINGFIELDS is a small detached house of 106m², built sometime between 1991 and 1995. It was last sold for £117,000 in May 1997, which was around 8% above the average May 1997 detached price in the Cherwell local authority area. The most recent EPC inspection was November 2022, where the current energy rating was E, and the potential energy rating was C.

SPRINGFIELDS Sold Prices

Land registry data shows two sales for SPRINGFIELDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. Both of the two SPRINGFIELDS 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
1997 9 MAY	£117,000	£108,242	8% above HPI
1995 5 MAY	£124,000	£98,205	26% above HPI

SPRINGFIELDS 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 two SPRINGFIELDS sales from May 1995 and May 1997 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 1995 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the May 1997 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is SPRINGFIELDS?

SPRINGFIELDS is 106m² according to the EPC inspection conducted in November 2022. This puts it in the smallest 40% 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 SPRINGFIELDS lies on this distribution: 30% of detached houses are smaller than SPRINGFIELDS, and 69% of houses are larger. Note that EPC data is not available for all properties in Hook Norton.

SPRINGFIELDS: Plot and Title Map

SPRINGFIELDS sits on a plot of roughly 0.102 of an acre, or 412m². The below map shows the location of SPRINGFIELDS, 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 SPRINGFIELDS). 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 SPRINGFIELDS?

SPRINGFIELDS is located on THE BOURNE in HOOK NORTON, in the OX15 postcode district. The below map shows the position of SPRINGFIELDS on THE BOURNE.