7, RICHMAN GARDENS, BANBURY, OX16 1DZ - £375,000

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 RICHMAN GARDENS is a small detached house of 89m², built sometime between 1976 and 1982, which could now be worth an estimated £448,039. It was last sold for £375,000 in November 2020, which was around 23% below the average November 2020 detached price in the Cherwell local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

7 RICHMAN GARDENS Sold Prices

Land registry data shows three sales for 7 RICHMAN GARDENS 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 7 RICHMAN GARDENS 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 12 NOV	£375,000	£487,381	23% below HPI
2014 24 APR	£279,000	£379,715	27% below HPI
2012 28 NOV	£250,000	£348,744	28% below HPI

7 RICHMAN GARDENS 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 7 RICHMAN GARDENS sales between November 2012 and November 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 April 2014 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the November 2020 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 7 RICHMAN GARDENS be worth now?

7 RICHMAN GARDENS might now be worth an estimated £448,039.

This is based on house price inflation of 19.5%, between November 2020 and August 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 19.5% inflationary increase is applied to the most recent sale price for 7 RICHMAN GARDENS of £375,000 on 12th November 2020. For the value to have increased from £375,000 to £448,039 over the five years and three months to August 2025, the following assumptions must hold true:

• The value of 7 RICHMAN GARDENS has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The November 2020 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 7 RICHMAN GARDENS has not materially changed since November 2020.

How Large is 7 RICHMAN GARDENS?

7 RICHMAN GARDENS is 89m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 30% 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 7 RICHMAN GARDENS lies on this distribution: 21% of detached houses houses are smaller than 7 RICHMAN GARDENS, and 78% of houses are larger. Note that EPC data is not available for all properties in Banbury.

7 RICHMAN GARDENS: Plot and Title Map

7 RICHMAN GARDENS sits on a plot of roughly 0.137 of an acre, or 554m². The below map shows the location of 7 RICHMAN GARDENS, 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 RICHMAN GARDENS). 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 RICHMAN GARDENS?

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