4, MELROSE COURT, BANBURY, OX16 1AE - £299,950

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 MELROSE COURT is a small extended terraced house of 90m², built sometime between 1996 and 2002, which could now be worth an estimated £320,495. It was last sold for £299,950 in June 2023, which was around 9% above the average June 2023 terraced price in the Cherwell local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

4 MELROSE COURT Sold Prices

Land registry data shows seven sales for 4 MELROSE COURT since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average terraced price in the Cherwell local authority area for the corresponding sale date. All of the seven 4 MELROSE COURT sales were 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
2023 30 JUN	£299,950	£274,918	9% above HPI
2018 12 JUL	£250,000	£239,740	4% above HPI
2018 28 JUN	£245,000	£234,376	5% above HPI
2012 15 JUN	£193,000	£171,611	12% above HPI
2006 10 NOV	£182,500	£171,178	7% above HPI
2006 29 SEP	£195,000	£171,894	13% above HPI
2002 6 DEC	£155,950	£122,707	27% above HPI

4 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 seven 4 MELROSE COURT sales between December 2002 and June 2023 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 July 2018 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the June 2023 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 4 MELROSE COURT be worth now?

4 MELROSE COURT might now be worth an estimated £320,495.

This is based on house price inflation of 6.8%, between June 2023 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 6.8% inflationary increase is applied to the most recent sale price for 4 MELROSE COURT of £299,950 on 30th June 2023. For the value to have increased from £299,950 to £320,495 over the one year and ten months to August 2025, the following assumptions must hold true:

• The value of 4 MELROSE COURT has moved in line with the HPI for terraced houses in the Cherwell local authority area.
• The June 2023 sale price of £299,950 represented a fair market value for the property.
• The size, condition, and specification of 4 MELROSE COURT has not materially changed since June 2023.

How Large is 4 MELROSE COURT?

4 MELROSE COURT is 90m², which includes one extension, according to the EPC inspection conducted in March 2023. This puts it in the smallest 30% 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 4 MELROSE COURT lies on this distribution: 22% of terraced houses houses are smaller than 4 MELROSE COURT, and 76% of houses are larger. Note that EPC data is not available for all properties in Banbury.

4 MELROSE COURT: Plot and Title Map

4 MELROSE COURT sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 4 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 4 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 4 MELROSE COURT?

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