1, HEATH CLOSE, MILCOMBE, BANBURY, OX15 4RZ - £228,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 HEATH CLOSE is a very small extended detached house of 88m², built sometime between 1976 and 1982. It was last sold for £228,000 in November 2010, which was around 34% below the average November 2010 detached price in the Cherwell local authority area. The most recent EPC inspection was January 2010, where the current energy rating was D, and the potential energy rating was D.

1 HEATH CLOSE Sold Prices

Land registry data shows three sales for 1 HEATH CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. All of the three 1 HEATH CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2010 4 NOV	£228,000	£345,896	34% below HPI
2007 14 DEC	£235,000	£359,317	35% below HPI
2005 7 JAN	£211,000	£295,239	29% below HPI

1 HEATH CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cherwell local authority area over time, sourced from the HPI. The three 1 HEATH CLOSE sales between January 2005 and November 2010 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the December 2007 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the November 2010 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 1 HEATH CLOSE?

1 HEATH CLOSE is 88m², which includes one extension, according to the EPC inspection conducted in January 2010. This puts it in the smallest 20% of detached houses in Milcombe, based on EPC data. The below chart shows the distribution of detached houses by size in Milcombe, and where 1 HEATH CLOSE lies on this distribution: 18% of detached houses are smaller than 1 HEATH CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Milcombe.

1 HEATH CLOSE: Plot and Title Map

1 HEATH CLOSE sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 1 HEATH CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 HEATH CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 HEATH CLOSE?

1 HEATH CLOSE is located in MILCOMBE, in the OX15 postcode district. The below map shows the position of No. 1 on HEATH CLOSE.