2, NORTHCOT LANE, BANBURY, OX16 2NY - £240,000

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.

2 NORTHCOT LANE is a very small semi-detached house of 55m², built sometime between 1996 and 2002, which could now be worth an estimated £300,821. It was last sold for £240,000 in August 2017, which was around 16% below the average August 2017 semi-detached price in the Cherwell local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was B.

2 NORTHCOT LANE Sold Prices

Land registry data shows three sales for 2 NORTHCOT LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Cherwell local authority area for the corresponding sale date. All of the three 2 NORTHCOT LANE 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 15 AUG	£240,000	£284,789	16% below HPI
2013 10 JAN	£175,000	£207,511	16% below HPI
2001 1 JUN	£102,500	£116,864	12% below HPI

2 NORTHCOT LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cherwell local authority area over time, sourced from the HPI. The three 2 NORTHCOT LANE sales between June 2001 and August 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 January 2013 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the August 2017 sale, which was also at 16% below the HPI.

What might 2 NORTHCOT LANE be worth now?

2 NORTHCOT LANE might now be worth an estimated £300,821.

This is based on house price inflation of 25.3%, between August 2017 and August 2025, for semi-detached 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 25.3% inflationary increase is applied to the most recent sale price for 2 NORTHCOT LANE of £240,000 on 15th August 2017. For the value to have increased from £240,000 to £300,821 over the eight years to August 2025, the following assumptions must hold true:

• The value of 2 NORTHCOT LANE has moved in line with the HPI for semi-detached houses in the Cherwell local authority area.
• The August 2017 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 2 NORTHCOT LANE has not materially changed since August 2017.

How Large is 2 NORTHCOT LANE?

2 NORTHCOT LANE is 55m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 10% of semi-detached houses houses in Banbury, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Banbury, and where 2 NORTHCOT LANE lies on this distribution: 1% of semi-detached houses houses are smaller than 2 NORTHCOT LANE, and 99% of houses are larger. Note that EPC data is not available for all properties in Banbury.

2 NORTHCOT LANE: Plot and Title Map

2 NORTHCOT LANE sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 2 NORTHCOT LANE, 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 NORTHCOT LANE). 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 NORTHCOT LANE?

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