47, HEREFORD WAY, BANBURY, OX16 1FT - £280,000

47 HEREFORD WAY is a very small detached house of 84m², built sometime between 1991 and 1995. It was last sold for £280,000 in January 2021, which was around 44% below the average January 2021 detached price in the Cherwell local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

47 HEREFORD WAY Sold Prices

Land registry data shows four sales for 47 HEREFORD WAY 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 47 HEREFORD WAY 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 11 JAN	£280,000	£499,260	44% below HPI
2015 29 JUL	£242,000	£440,569	45% below HPI
2004 17 DEC	£183,000	£300,255	39% below HPI
1997 24 NOV	£82,000	£130,045	37% below HPI

47 HEREFORD WAY 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 47 HEREFORD WAY sales between November 1997 and January 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 July 2015 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the January 2021 sale, where it rises to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 47 HEREFORD WAY?

47 HEREFORD WAY is 84m² according to the EPC inspection conducted in February 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 47 HEREFORD WAY lies on this distribution: 15% of detached houses are smaller than 47 HEREFORD WAY, and 83% of houses are larger. Note that EPC data is not available for all properties in Banbury.

47 HEREFORD WAY: Plot and Title Map

47 HEREFORD WAY sits on a plot of roughly 0.076 of an acre, or 306m². The below map shows the location of 47 HEREFORD WAY, 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 47 HEREFORD WAY). 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 47 HEREFORD WAY?

47 HEREFORD WAY is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 47 on HEREFORD WAY.