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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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4, Cover Drive, Banbury is recorded publicly as a modern freehold house across 818 ft2 of internal area, sitting on a 217 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 4, Cover Drive, Banbury is £379,086 and its rental estimate is £1,321 per month, given the available information and assuming reasonable condition.
Cover Drive, Banbury, OX16 falls within the OX16 postal district, in the borough of Cherwell.
4, Cover Drive, Banbury has a single entry in the Land Registry from June 2022 and a single entry in the EPC database dated May 2022.
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.
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 4, Cover Drive, Banbury, we estimate a market value of £398,040 and a rental value of £1,387 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £352,550 and £1,229 per month respectively.
Over the last year, 4, Cover Drive, Banbury has seen its estimated sale value drop by £5,194 (1.4%) and its estimated rental value rise by £41 per month (3.1%). This results in an estimated gross rental yield of 4.2%.
HM Land Registry records the plot of land for 4, Cover Drive, Banbury as measuring 217 m2.
That makes it the 5th largest plot in the postcode, where 14 of the 27 other houses have recorded plot data.
4, Cover Drive, Banbury has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 31 May 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
The most recent sale of 4, Cover Drive, Banbury completed on 30th June 2022 at £370,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 22.0% over the period since June 2022.
Over the past 2 years 3 properties similar to 4, Cover Drive, Banbury have sold within a radius of 830 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 19th December 2022, was 24, Blackwell Drive, Banbury, OX16 9PF, a freehold house which sold for £339,995.
Read more about house prices in OX16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 27 addresses on Cover Drive, Banbury, OX16, 4, Cover Drive, Banbury comes out as the 18th largest and the 18th most expensive in our analysis of the public data.
It is also £94k more expensive than the average property across the OX16 district.
From 4, Cover Drive, Banbury, the nearest station is Banbury, 2.2 kilometres away.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 4, Cover Drive, Banbury, 54.3% of property is privately owned outright and 33.9% is privately owned with a mortgage.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 4, Cover Drive, Banbury, 12.8% of residents are recorded as possessing school level qualifications and 46.0% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 4, Cover Drive, Banbury, the average age was 40.4 and the most common age was 52.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 4, Cover Drive, Banbury, 3.5% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 4, Cover Drive, Banbury, there are an average of 1.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.
