THE HOMESTEAD, CHURCH LANE, EPWELL, BANBURY, OX15 6LD - £302,500

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

THE HOMESTEAD is a very small extended detached house of 96m², built sometime between 1983 and 1990. It was last sold for £302,500 in May 2017, which was around 36% below the average May 2017 detached price in the Cherwell local authority area. The most recent EPC inspection was January 2017, where the current energy rating was E, and the potential energy rating was C.

THE HOMESTEAD Sold Prices

Land registry data shows six sales for THE HOMESTEAD since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. All of the six THE HOMESTEAD 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
2017 16 MAY	£302,500	£474,949	36% below HPI
2012 19 DEC	£230,000	£349,503	34% below HPI
2009 18 SEP	£195,000	£320,163	39% below HPI
2006 19 JAN	£225,000	£306,998	27% below HPI
2001 16 NOV	£169,950	£215,284	21% below HPI
2000 14 APR	£155,000	£179,973	14% below HPI

THE HOMESTEAD 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 six THE HOMESTEAD sales between April 2000 and May 2017 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 December 2012 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the May 2017 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is THE HOMESTEAD?

THE HOMESTEAD is 96m², which includes two extensions, according to the EPC inspection conducted in January 2017. This puts it in the smallest 20% of detached houses in Epwell, based on EPC data. The below chart shows the distribution of detached houses by size in Epwell, and where THE HOMESTEAD lies on this distribution: 14% of detached houses are smaller than THE HOMESTEAD, and 86% of houses are larger. Note that EPC data is not available for all properties in Epwell.

THE HOMESTEAD: Plot and Title Map

THE HOMESTEAD sits on a plot of roughly 0.101 of an acre, or 407m². The below map shows the location of THE HOMESTEAD, 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 THE HOMESTEAD). 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 THE HOMESTEAD?

THE HOMESTEAD is located on CHURCH LANE in EPWELL, in the OX15 postcode district. The below map shows the position of THE HOMESTEAD on CHURCH LANE.