7, LORD ELWOOD ROAD, BANBURY, OX16 1EX - £265,000

7 LORD ELWOOD ROAD is a very small semi-detached house of 88m², built sometime between 2003 and 2006. It was last sold for £265,000 in August 2020, which was around 45% below the average August 2020 detached price in the Cherwell local authority area. The most recent EPC inspection was November 2013, where the current energy rating was C, and the potential energy rating was B.

7 LORD ELWOOD ROAD Sold Prices

Land registry data shows five sales for 7 LORD ELWOOD ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. All of the five 7 LORD ELWOOD ROAD 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
2020 21 AUG	£265,000	£481,118	45% below HPI
2017 29 SEP	£282,500	£481,307	41% below HPI
2015 29 JAN	£247,500	£410,470	40% below HPI
2007 2 NOV	£217,500	£363,840	40% below HPI
2003 12 DEC	£185,000	£276,794	33% below HPI

7 LORD ELWOOD ROAD 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 five 7 LORD ELWOOD ROAD sales between December 2003 and August 2020 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 September 2017 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the August 2020 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 7 LORD ELWOOD ROAD?

7 LORD ELWOOD ROAD is 88m² according to the EPC inspection conducted in November 2013. 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 7 LORD ELWOOD ROAD lies on this distribution: 20% of detached houses are smaller than 7 LORD ELWOOD ROAD, and 79% of houses are larger. Note that EPC data is not available for all properties in Banbury.

7 LORD ELWOOD ROAD: Plot and Title Map

7 LORD ELWOOD ROAD sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 7 LORD ELWOOD ROAD, 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 7 LORD ELWOOD ROAD). 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 7 LORD ELWOOD ROAD?

7 LORD ELWOOD ROAD is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 7 on LORD ELWOOD ROAD.