3, MELROSE COURT, BANBURY, OX16 1AE - £250,000

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 MELROSE COURT is a very small terraced house of 60m², built sometime between 1996 and 2002, which could now be worth an estimated £268,206. It was last sold for £250,000 in July 2022, which was around 9% below the average July 2022 terraced price in the Cherwell local authority area. The most recent EPC inspection was December 2014, where the current energy rating was D, and the potential energy rating was B.

3 MELROSE COURT Sold Prices

Land registry data shows three sales for 3 MELROSE COURT since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Cherwell local authority area for the corresponding sale date. Two of the three 3 MELROSE COURT sales were for below the average price, whilst one was 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
2022 11 JUL	£250,000	£273,808	9% below HPI
2016 24 JUN	£215,000	£236,261	9% below HPI
2002 30 OCT	£128,500	£116,172	11% above HPI

3 MELROSE COURT 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 three 3 MELROSE COURT sales between October 2002 and July 2022 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 June 2016 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the July 2022 sale, which was also at 9% below the HPI.

What might 3 MELROSE COURT be worth now?

3 MELROSE COURT might now be worth an estimated £268,206.

This is based on house price inflation of 7.3%, between July 2022 and August 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 7.3% inflationary increase is applied to the most recent sale price for 3 MELROSE COURT of £250,000 on 11th July 2022. For the value to have increased from £250,000 to £268,206 over the two years and eleven months to August 2025, the following assumptions must hold true:

• The value of 3 MELROSE COURT has moved in line with the HPI for terraced houses in the Cherwell local authority area.
• The July 2022 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MELROSE COURT has not materially changed since July 2022.

How Large is 3 MELROSE COURT?

3 MELROSE COURT is 60m² according to the EPC inspection conducted in December 2014. This puts it in the smallest 10% 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 3 MELROSE COURT lies on this distribution: 2% of terraced houses houses are smaller than 3 MELROSE COURT, and 98% of houses are larger. Note that EPC data is not available for all properties in Banbury.

3 MELROSE COURT: Plot and Title Map

3 MELROSE COURT sits on a plot of roughly 0.045 of an acre, or 183m². The below map shows the location of 3 MELROSE COURT, 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 MELROSE COURT). 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 MELROSE COURT?

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