15, PITMASTON CLOSE, BANBURY, OX16 1AH - £325,000

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 PITMASTON CLOSE is a very small detached house of 72m², built sometime between 1996 and 2002. It was last sold for £325,000 in May 2022, which was around 39% below the average May 2022 detached price in the Cherwell local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

15 PITMASTON CLOSE Sold Prices

Land registry data shows three sales for 15 PITMASTON 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 15 PITMASTON 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
2022 31 MAY	£325,000	£532,151	39% below HPI
2017 4 OCT	£252,500	£488,250	48% below HPI
2003 21 FEB	£155,000	£273,447	43% below HPI

15 PITMASTON 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 15 PITMASTON CLOSE sales between February 2003 and May 2022 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 October 2017 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the May 2022 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 15 PITMASTON CLOSE?

15 PITMASTON CLOSE is 72m² according to the EPC inspection conducted in March 2022. 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 PITMASTON CLOSE lies on this distribution: 7% of detached houses are smaller than 15 PITMASTON CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Banbury.

15 PITMASTON CLOSE: Plot and Title Map

15 PITMASTON CLOSE sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 15 PITMASTON 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 PITMASTON 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 PITMASTON CLOSE?

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