2, THE SHEARINGS, HOOK NORTON, BANBURY, OX15 5PT - £250,000

2 THE SHEARINGS is a very small detached house of 54m², built sometime between 1991 and 1995. It was last sold for £250,000 in June 2023, which was around 54% below the average June 2023 detached price in the Cherwell local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was B.

2 THE SHEARINGS Sold Prices

Land registry data shows three sales for 2 THE SHEARINGS 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 2 THE SHEARINGS 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 19 JUN	£250,000	£548,422	54% below HPI
2012 18 SEP	£180,000	£356,832	50% below HPI
1996 26 JUL	£68,500	£103,533	34% below HPI

2 THE SHEARINGS 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 2 THE SHEARINGS sales between July 1996 and June 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 September 2012 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the June 2023 sale, where it falls to 54% below the HPI. The line then continues to track at 54% below the HPI.

How Large is 2 THE SHEARINGS?

2 THE SHEARINGS is 54m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 10% of detached houses in Hook Norton, based on EPC data. The below chart shows the distribution of detached houses by size in Hook Norton, and where 2 THE SHEARINGS lies on this distribution: 2% of detached houses are smaller than 2 THE SHEARINGS, and 98% of houses are larger. Note that EPC data is not available for all properties in Hook Norton.

2 THE SHEARINGS: Plot and Title Map

2 THE SHEARINGS sits on a plot of roughly 0.051 of an acre, or 206m². The below map shows the location of 2 THE SHEARINGS, 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 THE SHEARINGS). 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 THE SHEARINGS?

2 THE SHEARINGS is located in HOOK NORTON, in the OX15 postcode district. The below map shows the position of No. 2 on THE SHEARINGS.