38, SPINNEY DRIVE, BANBURY, OX16 9TA - £150,000

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.

38 SPINNEY DRIVE is a very small semi-detached house of 74m², built sometime between 1983 and 1990, which could now be worth an estimated £294,701. It was last sold for £150,000 in February 2009, which was around 15% below the average February 2009 semi-detached price in the Cherwell local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

38 SPINNEY DRIVE Sold Prices

Land registry data shows two sales for 38 SPINNEY DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Cherwell local authority area for the corresponding sale date. Both of the two 38 SPINNEY 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
2009 2 FEB	£150,000	£177,214	15% below HPI
2006 5 JUN	£157,000	£195,681	20% below HPI

38 SPINNEY DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cherwell local authority area over time, sourced from the HPI. The two 38 SPINNEY DRIVE sales from June 2006 and February 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 June 2006 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the February 2009 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 38 SPINNEY DRIVE be worth now?

38 SPINNEY DRIVE might now be worth an estimated £294,701.

This is based on house price inflation of 96.5%, between February 2009 and February 2025, for semi-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 96.5% inflationary increase is applied to the most recent sale price for 38 SPINNEY DRIVE of £150,000 on 2nd February 2009. For the value to have increased from £150,000 to £294,701 over the sixteen years to February 2025, the following assumptions must hold true:

• The value of 38 SPINNEY DRIVE has moved in line with the HPI for semi-detached houses in the Cherwell local authority area.
• The February 2009 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 38 SPINNEY DRIVE has not materially changed since February 2009.

How Large is 38 SPINNEY DRIVE?

38 SPINNEY DRIVE is 74m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 10% of semi-detached houses houses in Banbury, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Banbury, and where 38 SPINNEY DRIVE lies on this distribution: 8% of semi-detached houses houses are smaller than 38 SPINNEY DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Banbury.

38 SPINNEY DRIVE: Plot and Title Map

38 SPINNEY DRIVE sits on a plot of roughly 0.057 of an acre, or 232m². The below map shows the location of 38 SPINNEY 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 38 SPINNEY 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 38 SPINNEY DRIVE?

38 SPINNEY DRIVE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 38 on SPINNEY DRIVE.