3, LAPSLEY DRIVE, BANBURY, OX16 1EL - £345,000

3 LAPSLEY DRIVE is a very small detached house of 87m², built sometime between 2003 and 2006. It was last sold for £345,000 in July 2016, which was around 27% below the average July 2016 detached price in the Cherwell local authority area. The most recent EPC inspection was June 2015, where the current energy rating was C, and the potential energy rating was B.

3 LAPSLEY DRIVE Sold Prices

Land registry data shows four sales for 3 LAPSLEY DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. All of the four 3 LAPSLEY DRIVE 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
2016 28 JUL	£345,000	£475,073	27% below HPI
2008 16 MAY	£244,000	£353,064	31% below HPI
2006 15 DEC	£224,000	£333,181	33% below HPI
2003 23 MAY	£183,000	£275,254	34% below HPI

3 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 four 3 LAPSLEY DRIVE sales between May 2003 and July 2016 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 May 2008 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the July 2016 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 3 LAPSLEY DRIVE?

3 LAPSLEY DRIVE is 87m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 20% of detached houses in Banbury, based on EPC data. The below chart shows the distribution of detached houses by size in Banbury, and where 3 LAPSLEY DRIVE lies on this distribution: 19% of detached houses are smaller than 3 LAPSLEY DRIVE, and 80% of houses are larger. Note that EPC data is not available for all properties in Banbury.

3 LAPSLEY DRIVE: Plot and Title Map

3 LAPSLEY DRIVE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 3 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 3 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 3 LAPSLEY DRIVE?

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