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Cheapest and best areas to buy in Banbury. All 3 postcode districts compared.

Typical 3-bed house£349kacross Banbury
Cheapest districtOX163-bed house £308k
Sold last year642homes in Banbury
Prices in Cherwell+4.7%on a year ago

A typical 3-bedroom house in Banbury sold for £349,000 over the last five years, in today's money. The same home costs £308k in OX16 and £425k in OX15, so where you look matters more than almost anything else.

For the most space for your money, look at OX16: about 85 m² for a typical £308k. OX16 is the busiest market, with 337 sales last year.

Prices in Cherwell are up 4.7% on a year ago. Renting a 3-bedroom home costs about £1,470 a month; a 90% mortgage on the typical 3-bed house would be around £1,591 a month at 4.5% over 30 years.

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Cheapest areas to buy in Banbury

1OX163-bed house £308kabout 85 m² · 337 sold last year2OX173-bed house £383kabout 93 m² · 137 sold last year3OX153-bed house £425kabout 94 m² · 168 sold last year

For a flat, the cheapest is OX16: a typical 2-bedroom flat sells for £168k.

Best areas in Banbury for families

Districts where the best state schools nearby beat the England average, cheapest first.

OX163-bed house £308k
Primary The Grange Community Primary School · 89% England 64%Secondary The Warriner School · 50.2% England 43.8%

Best state primary within 2 km (pupils meeting the expected standard at 11) and secondary within 5 km (grade 5+ in English and maths). DfE performance tables.

Banbury postcode districts

District3-bed houseSize2-bed flatHouses per m²Best primarySold last year
OX15£425k94 m²£203k£4,282—168
OX16£308k85 m²£168k£3,81189%337
OX17£383k93 m²£205k£4,17761%137

Typical prices from sales in the last five years, in today's money. A dash means too few sales to say.

Questions about buying in Banbury

How much is a 3-bedroom house in Banbury?

About £349,000 across Banbury, from sales in the last five years in today's money. It ranges from £308k in OX16 to £425k in OX15.

What is the cheapest area of Banbury to buy a house?

For a 3-bedroom house: OX16 (£308k), OX17 (£383k), OX15 (£425k).

Are house prices going up in Banbury?

In Cherwell, prices are up 4.7% on a year ago and up 15.1% over five years, according to the UK House Price Index (July 2026).

Which postcode in Banbury is best for families?

On school results and price together: OX16 (3-bed house £308k, best primary nearby 89% at the expected standard against 64% across England).

Is Banbury a good place to buy a house?

What the numbers say: a typical 3-bedroom house costs £349,000, prices are up 4.7% on a year ago, renting a 3-bedroom home costs about £1,470 a month against roughly £1,591 for a 90% mortgage, and 642 homes sold last year, so there is a real choice. Prices vary from £308k to £425k between districts, so the area you pick matters most.

How many homes sell in Banbury each year?

642 homes sold across its 3 postcode districts in the last year, the most in OX16.

Sources: HM Land Registry price paid data matched to the EPC register, UK House Price Index (July 2026), ONS private rents (August 2026). The mortgage figure is an illustration, not advice.