18, BERKELEY CLOSE, BANBURY, OX16 0UH - £315,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

18 BERKELEY CLOSE is a midsized detached house of 112m², built sometime between 1967 and 1975, which could now be worth an estimated £409,782. It was last sold for £315,000 in December 2015, which was around 30% below the average December 2015 detached price in the Cherwell local authority area. The most recent EPC inspection was December 2008, where the current energy rating was D, and the potential energy rating was D.

18 BERKELEY CLOSE Sold Prices

Land registry data shows three sales for 18 BERKELEY 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 18 BERKELEY 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
2015 8 DEC	£315,000	£449,487	30% below HPI
1998 7 AUG	£105,000	£141,904	26% below HPI
1996 28 JUN	£75,000	£97,941	23% below HPI

18 BERKELEY 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 18 BERKELEY CLOSE sales between June 1996 and December 2015 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 August 1998 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the December 2015 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 18 BERKELEY CLOSE be worth now?

18 BERKELEY CLOSE might now be worth an estimated £409,782.

This is based on house price inflation of 30.1%, between December 2015 and December 2024, for detached houses, in the Cherwell local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.1% inflationary increase is applied to the most recent sale price for 18 BERKELEY CLOSE of £315,000 on 8th December 2015. For the value to have increased from £315,000 to £409,782 over the nine years to December 2024, the following assumptions must hold true:

• The value of 18 BERKELEY CLOSE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The December 2015 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 18 BERKELEY CLOSE has not materially changed since December 2015.

How Large is 18 BERKELEY CLOSE?

18 BERKELEY CLOSE is 112m² according to the EPC inspection conducted in December 2008. This puts it in the largest 50% of detached houses houses in Banbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Banbury, and where 18 BERKELEY CLOSE lies on this distribution: 52% of detached houses houses are smaller than 18 BERKELEY CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Banbury.

18 BERKELEY CLOSE: Plot and Title Map

18 BERKELEY CLOSE sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 18 BERKELEY 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 18 BERKELEY 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 18 BERKELEY CLOSE?

18 BERKELEY CLOSE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 18 on BERKELEY CLOSE.