SPRINGFIELDS, THE BOURNE, HOOK NORTON, BANBURY, OX15 5PB - £117,000

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.

SPRINGFIELDS is a small detached house of 106m², built sometime between 1991 and 1995, which could now be worth an estimated £624,163. It was last sold for £117,000 in May 1997, which was around 10% above the average May 1997 detached price in the Cherwell local authority area. The most recent EPC inspection was November 2022, where the current energy rating was E, and the potential energy rating was C.

SPRINGFIELDS Sold Prices

Land registry data shows two sales for SPRINGFIELDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. Both of the two SPRINGFIELDS sales were for above 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
1997 9 MAY	£117,000	£106,669	10% above HPI
1995 5 MAY	£124,000	£96,779	28% above HPI

SPRINGFIELDS 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 two SPRINGFIELDS sales from May 1995 and May 1997 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 May 1995 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the May 1997 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might SPRINGFIELDS be worth now?

SPRINGFIELDS might now be worth an estimated £624,163.

This is based on house price inflation of 433.5%, between May 1997 and February 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 433.5% inflationary increase is applied to the most recent sale price for SPRINGFIELDS of £117,000 on 9th May 1997. For the value to have increased from £117,000 to £624,163 over the 28 years and three months to February 2025, the following assumptions must hold true:

• The value of SPRINGFIELDS has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The May 1997 sale price of £117,000 represented a fair market value for the property.
• The size, condition, and specification of SPRINGFIELDS has not materially changed since May 1997.

How Large is SPRINGFIELDS?

SPRINGFIELDS is 106m² according to the EPC inspection conducted in November 2022. This puts it in the smallest 30% of detached houses houses in Hook Norton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hook Norton, and where SPRINGFIELDS lies on this distribution: 30% of detached houses houses are smaller than SPRINGFIELDS, and 69% of houses are larger. Note that EPC data is not available for all properties in Hook Norton.

SPRINGFIELDS: Plot and Title Map

SPRINGFIELDS sits on a plot of roughly 0.102 of an acre, or 412m². The below map shows the location of SPRINGFIELDS, 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 SPRINGFIELDS). 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 SPRINGFIELDS?

SPRINGFIELDS is located on THE BOURNE in HOOK NORTON, in the OX15 postcode district. The below map shows the position of SPRINGFIELDS on THE BOURNE.