2, LAPSLEY DRIVE, BANBURY, OX16 1EJ - £470,000

2 LAPSLEY DRIVE is a very large extended detached house of 205m², built sometime between 2003 and 2006. It was last sold for £470,000 in February 2021, which was around 4% below the average February 2021 detached price in the Cherwell local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was B.

2 LAPSLEY DRIVE Sold Prices

Land registry data shows two sales for 2 LAPSLEY DRIVE 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. One of the two 2 LAPSLEY DRIVE sales was for below the average price, whilst the other was 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
2021 5 FEB	£470,000	£491,489	4% below HPI
2006 29 DEC	£375,000	£333,181	13% above HPI

2 LAPSLEY DRIVE 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 2 LAPSLEY DRIVE sales from December 2006 and February 2021 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 2006 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the February 2021 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 2 LAPSLEY DRIVE?

2 LAPSLEY DRIVE is 205m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the largest 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 2 LAPSLEY DRIVE lies on this distribution: 98% of detached houses are smaller than 2 LAPSLEY DRIVE, and 2% of houses are larger. Note that EPC data is not available for all properties in Banbury.

2 LAPSLEY DRIVE: Plot and Title Map

2 LAPSLEY DRIVE sits on a plot of roughly 0.098 of an acre, or 398m². The below map shows the location of 2 LAPSLEY DRIVE, 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 2 LAPSLEY DRIVE). 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 2 LAPSLEY DRIVE?

2 LAPSLEY DRIVE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 2 on LAPSLEY DRIVE.