4, ALVIS GATE, BANBURY, OX16 1BE - £317,500

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.

4 ALVIS GATE is a midsized extended detached house of 108m², built sometime between 1983 and 1990, which could now be worth an estimated £373,023. It was last sold for £317,500 in February 2021, which was around 34% below the average February 2021 detached price in the Cherwell local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

4 ALVIS GATE Sold Prices

Land registry data shows three sales for 4 ALVIS GATE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. All of the three 4 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
2021 3 FEB	£317,500	£484,349	34% below HPI
2004 25 JUN	£214,000	£285,146	25% below HPI
1995 10 MAR	£85,000	£93,575	9% below HPI

4 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 three 4 ALVIS GATE sales between March 1995 and February 2021 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 2004 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the February 2021 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 4 ALVIS GATE be worth now?

4 ALVIS GATE might now be worth an estimated £373,023.

This is based on house price inflation of 17.5%, between February 2021 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 17.5% inflationary increase is applied to the most recent sale price for 4 ALVIS GATE of £317,500 on 3rd February 2021. For the value to have increased from £317,500 to £373,023 over the four years to February 2025, the following assumptions must hold true:

• The value of 4 ALVIS GATE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The February 2021 sale price of £317,500 represented a fair market value for the property.
• The size, condition, and specification of 4 ALVIS GATE has not materially changed since February 2021.

How Large is 4 ALVIS GATE?

4 ALVIS GATE is 108m², which includes two extensions, according to the EPC inspection conducted in August 2020. 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 4 ALVIS GATE lies on this distribution: 44% of detached houses houses are smaller than 4 ALVIS GATE, and 54% of houses are larger. Note that EPC data is not available for all properties in Banbury.

4 ALVIS GATE: Plot and Title Map

4 ALVIS GATE sits on a plot of roughly 0.069 of an acre, or 281m². The below map shows the location of 4 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 4 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 4 ALVIS GATE?

4 ALVIS GATE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 4 on ALVIS GATE.