3, ALVIS GATE, BANBURY, OX16 1BE - £325,000

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.

3 ALVIS GATE is a midsized detached house of 105m², built sometime between 1983 and 1990, which could now be worth an estimated £425,966. It was last sold for £325,000 in July 2015, which was around 25% below the average July 2015 detached price in the Cherwell local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was C.

3 ALVIS GATE Sold Prices

Land registry data shows two sales for 3 ALVIS GATE 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. Both of the two 3 ALVIS GATE 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
2015 3 JUL	£325,000	£434,169	25% below HPI
2001 14 DEC	£179,000	£215,245	17% below HPI

3 ALVIS GATE 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 3 ALVIS GATE sales from December 2001 and July 2015 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 2001 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the July 2015 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 3 ALVIS GATE be worth now?

3 ALVIS GATE might now be worth an estimated £425,966.

This is based on house price inflation of 31.1%, between July 2015 and February 2025, for 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 31.1% inflationary increase is applied to the most recent sale price for 3 ALVIS GATE of £325,000 on 3rd July 2015. For the value to have increased from £325,000 to £425,966 over the ten years and five months to February 2025, the following assumptions must hold true:

• The value of 3 ALVIS GATE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The July 2015 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 3 ALVIS GATE has not materially changed since July 2015.

How Large is 3 ALVIS GATE?

3 ALVIS GATE is 105m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 50% of detached houses houses in Banbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Banbury, and where 3 ALVIS GATE lies on this distribution: 41% of detached houses houses are smaller than 3 ALVIS GATE, and 58% of houses are larger. Note that EPC data is not available for all properties in Banbury.

3 ALVIS GATE: Plot and Title Map

3 ALVIS GATE sits on a plot of roughly 0.115 of an acre, or 467m². The below map shows the location of 3 ALVIS GATE, 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 3 ALVIS GATE). 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 3 ALVIS GATE?

3 ALVIS GATE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 3 on ALVIS GATE.