NEW HOUSE, NEW ROAD, BANBURY, OX16 9PN - £285,000

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.

NEW HOUSE is a very small extended detached house of 68m², built sometime between 2003 and 2006, which could now be worth an estimated £295,832. It was last sold for £285,000 in January 2023, which was around 49% below the average January 2023 detached price in the Cherwell local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

NEW HOUSE Sold Prices

Land registry data shows three sales for NEW HOUSE 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 NEW HOUSE 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
2023 18 JAN	£285,000	£560,986	49% below HPI
2017 16 AUG	£244,000	£471,443	48% below HPI
2006 8 DEC	£215,000	£328,341	35% below HPI

NEW HOUSE 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 NEW HOUSE sales between December 2006 and January 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 August 2017 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the January 2023 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

What might NEW HOUSE be worth now?

NEW HOUSE might now be worth an estimated £295,832.

This is based on house price inflation of 3.8%, between January 2023 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 3.8% inflationary increase is applied to the most recent sale price for NEW HOUSE of £285,000 on 18th January 2023. For the value to have increased from £285,000 to £295,832 over the one year and five months to August 2025, the following assumptions must hold true:

• The value of NEW HOUSE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The January 2023 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of NEW HOUSE has not materially changed since January 2023.

How Large is NEW HOUSE?

NEW HOUSE is 68m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the smallest 10% 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 NEW HOUSE lies on this distribution: 5% of detached houses houses are smaller than NEW HOUSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Banbury.

NEW HOUSE: Plot and Title Map

NEW HOUSE sits on a plot of roughly 0.036 of an acre, or 146m². The below map shows the location of NEW HOUSE, 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 NEW HOUSE). 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 NEW HOUSE?

NEW HOUSE is located on NEW ROAD in BANBURY, in the OX16 postcode district. The below map shows the position of NEW HOUSE on NEW ROAD.