Average Price for property in Banbury is around £296,391 which varies based on type of property you are interested in and ranges from £447,230 for detached house to around £252,093 for semi-detached. Similarly terraced house is around £218,680 and a flat is worth £153,861. Values have been changing and have risen £4,159 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £11,625 in last 6 months, £25,398 in last 1 year, £43,699 in last 2 years, £42,447 in last 3 years, £33,712 in last 4 years and £50,003 in last 5 years.
Currently average asking price of a property in Banbury is around £351,840 based on approximately 1,190 properties for sale. Same is the case with rental options based on 171 properties up for rent, average asking rent is around £1,710 per month.
Estimated property value in Banbury is £296,391. Average asking price is £351,840 while average price paid is £266,201 which is up by £25,398 and Avg. asking rent £1,710.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Banbury area. In last 1 year alone average price buyer paid is around £266,201 based on approximately 1,190 sales in Banbury area alone. If you compare it to last 3 years sales of 3,365 properties where buyers paid around £250,298. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £247,238 for 5,365 and average amount paid for purchase of approx. 7,190 properties sold in last 7 years comes to about £241,628 per sale.