7, PROSPECT ROAD, BANBURY, OX16 5HH - £290,000

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.

7 PROSPECT ROAD is a very small extended terraced house of 70m², built sometime between 1950 and 1966, which could now be worth an estimated £413,826. It was last sold for £290,000 in December 2014, which was around 40% above the average December 2014 terraced price in the Cherwell local authority area. The most recent EPC inspection was March 2021, where the current energy rating was D, and the potential energy rating was B.

7 PROSPECT ROAD Sold Prices

Land registry data shows three sales for 7 PROSPECT ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Cherwell local authority area for the corresponding sale date. Two of the three 7 PROSPECT ROAD sales were for above the average price, whilst one was 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
2014 15 DEC	£290,000	£206,592	40% above HPI
2011 26 APR	£229,000	£171,435	34% above HPI
2005 23 NOV	£155,000	£156,195	1% below HPI

7 PROSPECT ROAD 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 three 7 PROSPECT ROAD sales between November 2005 and December 2014 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 April 2011 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the December 2014 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might 7 PROSPECT ROAD be worth now?

7 PROSPECT ROAD might now be worth an estimated £413,826.

This is based on house price inflation of 42.7%, between December 2014 and October 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 42.7% inflationary increase is applied to the most recent sale price for 7 PROSPECT ROAD of £290,000 on 15th December 2014. For the value to have increased from £290,000 to £413,826 over the eleven years and two months to October 2025, the following assumptions must hold true:

• The value of 7 PROSPECT ROAD has moved in line with the HPI for terraced houses in the Cherwell local authority area.
• The December 2014 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PROSPECT ROAD has not materially changed since December 2014.

How Large is 7 PROSPECT ROAD?

7 PROSPECT ROAD is 70m², which includes one extension, according to the EPC inspection conducted in March 2021. This puts it in the smallest 10% 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 7 PROSPECT ROAD lies on this distribution: 6% of terraced houses houses are smaller than 7 PROSPECT ROAD, and 94% of houses are larger. Note that EPC data is not available for all properties in Banbury.

7 PROSPECT ROAD: Plot and Title Map

7 PROSPECT ROAD sits on a plot of roughly 0.037 of an acre, or 148m². The below map shows the location of 7 PROSPECT 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 PROSPECT 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 PROSPECT ROAD?

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