THE OLD SCHOOL, MOLLINGTON, BANBURY, OX17 1AZ - £430,000

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

THE OLD SCHOOL is a very small detached house of 65m², built sometime between 1983 and 1990. It was last sold for £430,000 in May 2019, which was around 6% below the average May 2019 detached price in the Cherwell local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was D.

THE OLD SCHOOL Sold Prices

Land registry data shows two sales for THE OLD SCHOOL 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 THE OLD SCHOOL 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
2019 21 MAY	£430,000	£457,173	6% below HPI
2012 5 OCT	£290,000	£355,024	18% below HPI

THE OLD SCHOOL 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 THE OLD SCHOOL sales from October 2012 and May 2019 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 October 2012 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the May 2019 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is THE OLD SCHOOL?

THE OLD SCHOOL is 65m² according to the EPC inspection conducted in February 2012. This puts it in the smallest 10% of detached houses in Mollington, based on EPC data. The below chart shows the distribution of detached houses by size in Mollington, and where THE OLD SCHOOL lies on this distribution: Less than 1% of detached houses are smaller than THE OLD SCHOOL, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Mollington.

THE OLD SCHOOL: Plot and Title Map

THE OLD SCHOOL sits on a plot of roughly 0.083 of an acre, or 336m². The below map shows the location of THE OLD SCHOOL, 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 OLD SCHOOL). 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 OLD SCHOOL?

THE OLD SCHOOL is located in MOLLINGTON, in the OX17 postcode district. The below map shows the position of THE OLD SCHOOL in MOLLINGTON.