15, CEDAR CLOSE, BANBURY, OX16 9HE - £270,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

15 CEDAR CLOSE is a very small extended detached house of 73m², built sometime between 1950 and 1966. It was last sold for £270,000 in October 2017, which was around 45% below the average October 2017 detached price in the Cherwell local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

15 CEDAR CLOSE Sold Prices

Land registry data shows two sales for 15 CEDAR CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. Both of the two 15 CEDAR 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
2017 25 OCT	£270,000	£488,250	45% below HPI
1998 14 APR	£104,000	£134,258	23% below HPI

15 CEDAR 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 two 15 CEDAR CLOSE sales from April 1998 and October 2017 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 April 1998 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the October 2017 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 15 CEDAR CLOSE?

15 CEDAR CLOSE is 73m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the smallest 10% of detached houses in Banbury, based on EPC data. The below chart shows the distribution of detached houses by size in Banbury, and where 15 CEDAR CLOSE lies on this distribution: 7% of detached houses are smaller than 15 CEDAR CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Banbury.

15 CEDAR CLOSE: Plot and Title Map

15 CEDAR CLOSE sits on a plot of roughly 0.155 of an acre, or 626m². The below map shows the location of 15 CEDAR 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 15 CEDAR 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 15 CEDAR CLOSE?

15 CEDAR CLOSE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 15 on CEDAR CLOSE.