16, Drake Lane
16, Drake Lane
Description & Estimates
16, Drake Lane, Witney is recorded publicly as a modern leasehold apartment across 581 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 16, Drake Lane, Witney is £87,290 and its rental estimate is £494 per month, given the available information and assuming reasonable condition.
Drake Lane, Witney, OX28 falls within the OX28 postal district, in the borough of West Oxfordshire.
Our Data Sources
16, Drake Lane, Witney has a single entry in the Land Registry from July 2024 and a single entry in the EPC database dated August 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 16, Drake Lane, Witney, we estimate a market value of £91,655 and a rental value of £518 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £81,180 and £459 per month respectively.
Recent Market Change
Over the last year, 16, Drake Lane, Witney has seen its estimated sale value move down by £2,814 (3.2%) and its estimated rental value increase by £8 per month (1.6%). This results in an estimated gross rental yield of 6.8%.
Energy Efficiency
16, Drake Lane, Witney has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Aug 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 16, Drake Lane, Witney completed on 8th July 2024 at £90,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 5.5% over the period since July 2024.
- Sold Jul 2024£90,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 16, Drake Lane, Witney have sold within a radius of 730 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 24th May 2024, was Flat 9, 56, Madley Brook Lane, Witney, OX28 1FT, a leasehold flat which sold for £88,000.
Read more about house prices in OX28.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 14 addresses on Drake Lane, Witney, OX28, 16, Drake Lane, Witney comes out as the 13th largest and the 13th most expensive in our analysis of the public data.
It is also £263k less expensive than the average property across the OX28 district.
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Schools Nearby
- 200mMadley Brook Community Primary School
- 1.1kmThe Blake Church of England Primary School
- 1.6kmWitney Community Primary School
- 400mWood Green School
- 1.9kmThe Henry Box School
- 5.9kmBartholomew School
More reading links
Public Transport Nearby
From 16, Drake Lane, Witney, the nearest station is Combe (Oxon), 6.8 kilometres away.
- 6.8kmCombe (Oxon)
- 6.9kmFinstock
- 7.4kmHanborough
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
