24, PROSPECT ROAD, BANBURY, OX16 5HW - £234,000

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.

24 PROSPECT ROAD is a large extended terraced house of 121m², built sometime between 1900 and 1929, which could now be worth an estimated £427,191. It was last sold for £234,000 in August 2009, which was around 45% above the average August 2009 terraced price in the Cherwell local authority area. The most recent EPC inspection was October 2008, where the current energy rating was E, and the potential energy rating was D.

24 PROSPECT ROAD Sold Prices

Land registry data shows four sales for 24 PROSPECT ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Cherwell local authority area for the corresponding sale date. All of the four 24 PROSPECT 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
2009 17 AUG	£234,000	£161,483	45% above HPI
2005 28 APR	£205,000	£151,854	35% above HPI
2002 7 JUN	£135,000	£106,283	27% above HPI
1999 21 MAY	£80,000	£68,932	16% above HPI

24 PROSPECT 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 four 24 PROSPECT ROAD sales between May 1999 and August 2009 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 April 2005 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the August 2009 sale, where it rises to 45% above the HPI. The line then continues to track at 45% above the HPI.

What might 24 PROSPECT ROAD be worth now?

24 PROSPECT ROAD might now be worth an estimated £427,191.

This is based on house price inflation of 82.6%, between August 2009 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 82.6% inflationary increase is applied to the most recent sale price for 24 PROSPECT ROAD of £234,000 on 17th August 2009. For the value to have increased from £234,000 to £427,191 over the fifteen years and ten months to October 2025, the following assumptions must hold true:

• The value of 24 PROSPECT ROAD has moved in line with the HPI for terraced houses in the Cherwell local authority area.
• The August 2009 sale price of £234,000 represented a fair market value for the property.
• The size, condition, and specification of 24 PROSPECT ROAD has not materially changed since August 2009.

How Large is 24 PROSPECT ROAD?

24 PROSPECT ROAD is 121m², which includes one extension, according to the EPC inspection conducted in October 2008. This puts it in the largest 40% 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 24 PROSPECT ROAD lies on this distribution: 63% of terraced houses houses are smaller than 24 PROSPECT ROAD, and 37% of houses are larger. Note that EPC data is not available for all properties in Banbury.

24 PROSPECT ROAD: Plot and Title Map

24 PROSPECT ROAD sits on a plot of roughly 0.027 of an acre, or 111m². The below map shows the location of 24 PROSPECT 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 24 PROSPECT 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 24 PROSPECT ROAD?

24 PROSPECT ROAD is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 24 on PROSPECT ROAD.