WESSEX HOUSE, USHER DRIVE, BANBURY, OX16 1AD - £288,000

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

WESSEX HOUSE is a very small detached house of 77m², built sometime between 1996 and 2002. It was last sold for £288,000 in October 2023, which was around 48% below the average October 2023 detached price in the Cherwell local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

WESSEX HOUSE Sold Prices

Land registry data shows three sales for WESSEX 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 WESSEX 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 16 OCT	£288,000	£549,922	48% below HPI
2013 30 MAY	£218,000	£360,509	40% below HPI
2002 29 NOV	£149,950	£258,934	42% below HPI

WESSEX 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 WESSEX HOUSE sales between November 2002 and October 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 May 2013 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the October 2023 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is WESSEX HOUSE?

WESSEX HOUSE is 77m² according to the EPC inspection conducted in April 2023. 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 WESSEX HOUSE lies on this distribution: 10% of detached houses are smaller than WESSEX HOUSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Banbury.

WESSEX HOUSE: Plot and Title Map

WESSEX HOUSE sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of WESSEX 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 WESSEX 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 WESSEX HOUSE?

WESSEX HOUSE is located on USHER DRIVE in BANBURY, in the OX16 postcode district. The below map shows the position of WESSEX HOUSE on USHER DRIVE.