9, Lanchester Drive
9, Lanchester Drive
Description & Estimates
9, Lanchester Drive, Banbury is recorded publicly as a mid-century freehold house across 1,270 ft2 of internal area, sitting on a 349 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 9, Lanchester Drive, Banbury is £360,875 and its rental estimate is £1,543 per month, given the available information and assuming reasonable condition.
Lanchester Drive, Banbury, OX16 falls within the OX16 postal district, in the borough of Cherwell.
Our Data Sources
9, Lanchester Drive, Banbury has 21 entries in the Land Registry , most recently in May 2019 and a single entry in the EPC database dated September 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high 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 9, Lanchester Drive, Banbury, we estimate a market value of £378,919 and a rental value of £1,620 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £335,614 and £1,435 per month respectively.
Recent Market Change
Over the last year, 9, Lanchester Drive, Banbury has seen its estimated sale value drop by £5,192 (1.4%) and its estimated rental value rise by £45 per month (2.9%). This results in an estimated gross rental yield of 5.1%.
Plot Size
HM Land Registry records the plot of land for 9, Lanchester Drive, Banbury as measuring 349 m2.
That makes it the 2nd largest plot in the postcode, where all 14 other houses have recorded plot data.
Energy Efficiency
9, Lanchester Drive, Banbury has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 13 Sep 2018.
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 9, Lanchester Drive, Banbury completed on 2nd May 2019 at £272,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 22.8% over the period since May 2019.
- Sold May 2019£272,000
- Sold Jun 2000£82,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 9, Lanchester Drive, Banbury have sold within a radius of 560 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 25th October 2024, was 7, Romney Road, Banbury, OX16 1YA, a freehold house which sold for £350,000.
Read more about house prices in OX16.
- Sold Oct 2024£350,000 | 4 Bed House7, Romney Road, Banbury, OX16 1YA7, Romney Road, Banbury, OX16 1YA
- Sold Jun 2021£330,000 | 4 Bed House36, Riley Drive, Banbury, OX16 1DS36, Riley Drive, Banbury, OX16 1DS
- Sold Mar 2018£284,950 | 4 Bed House19, Lanchester Drive, Banbury, OX16 1DT19, Lanchester Drive, Banbury, OX16 1DT
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 18 addresses on Lanchester Drive, Banbury, OX16, 9, Lanchester Drive, Banbury comes out as the 2nd largest and the 2nd most expensive in our analysis of the public data.
It is also £75k more expensive than the average property across the OX16 district.
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Schools Nearby
- 300mHardwick Primary School and Nursery
- 500mHill View Primary School
- 600mWilliam Morris Primary School
- 600mNorth Oxfordshire Academy
- 2.7kmFutures Institute Banbury
- 2.7kmWykham Park
More reading links
Public Transport Nearby
From 9, Lanchester Drive, Banbury, the nearest station is Banbury, 2.5 kilometres away.
- 2.5kmBanbury
- 7.8kmKings Sutton
- 17.5kmHeyford
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.
