16, GRIFFITH ROAD, BANBURY, OX16 1EE - £302,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

16 GRIFFITH ROAD is a very small extended terraced house of 74m², built sometime between 2003 and 2006, which could now be worth an estimated £315,212. It was last sold for £302,500 in August 2022, which was around 7% above the average August 2022 terraced price in the Cherwell local authority area. The most recent EPC inspection was August 2015, where the current energy rating was C, and the potential energy rating was B.

16 GRIFFITH ROAD Sold Prices

Land registry data shows three sales for 16 GRIFFITH ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Cherwell local authority area for the corresponding sale date. All of the three 16 GRIFFITH ROAD 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
2022 30 AUG	£302,500	£282,915	7% above HPI
2016 2 FEB	£247,000	£226,444	9% above HPI
2003 31 OCT	£154,995	£129,363	20% above HPI

16 GRIFFITH ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Cherwell local authority area over time, sourced from the HPI. The three 16 GRIFFITH ROAD sales between October 2003 and August 2022 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 February 2016 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the August 2022 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 16 GRIFFITH ROAD be worth now?

16 GRIFFITH ROAD might now be worth an estimated £315,212.

This is based on house price inflation of 4.2%, between August 2022 and October 2025, for terraced houses, in the Cherwell local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.2% inflationary increase is applied to the most recent sale price for 16 GRIFFITH ROAD of £302,500 on 30th August 2022. For the value to have increased from £302,500 to £315,212 over the two years and ten months to October 2025, the following assumptions must hold true:

• The value of 16 GRIFFITH ROAD has moved in line with the HPI for terraced houses in the Cherwell local authority area.
• The August 2022 sale price of £302,500 represented a fair market value for the property.
• The size, condition, and specification of 16 GRIFFITH ROAD has not materially changed since August 2022.

How Large is 16 GRIFFITH ROAD?

16 GRIFFITH ROAD is 74m², which includes one extension, according to the EPC inspection conducted in August 2015. This puts it in the smallest 10% of terraced houses houses in Banbury, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Banbury, and where 16 GRIFFITH ROAD lies on this distribution: 8% of terraced houses houses are smaller than 16 GRIFFITH ROAD, and 92% of houses are larger. Note that EPC data is not available for all properties in Banbury.

16 GRIFFITH ROAD: Plot and Title Map

16 GRIFFITH ROAD sits on a plot of roughly 0.051 of an acre, or 206m². The below map shows the location of 16 GRIFFITH ROAD, 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 16 GRIFFITH ROAD). 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 16 GRIFFITH ROAD?

16 GRIFFITH ROAD is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 16 on GRIFFITH ROAD.