2, GARDEN CLOSE, BANBURY, OX16 2NB - £247,000

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

2 GARDEN CLOSE is a small extended detached house of 95m², built sometime between 1976 and 1982. It was last sold for £247,000 in February 2019, which was around 48% below the average February 2019 detached price in the Cherwell local authority area. The most recent EPC inspection was September 2018, where the current energy rating was C, and the potential energy rating was B.

2 GARDEN CLOSE Sold Prices

Land registry data shows three sales for 2 GARDEN 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 2 GARDEN 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
2019 20 FEB	£247,000	£477,440	48% below HPI
2005 20 JUL	£175,000	£302,443	42% below HPI
2004 4 FEB	£162,000	£280,484	42% below HPI

2 GARDEN 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 2 GARDEN CLOSE sales between February 2004 and February 2019 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 July 2005 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the February 2019 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is 2 GARDEN CLOSE?

2 GARDEN CLOSE is 95m², which includes one extension, according to the EPC inspection conducted in September 2018. This puts it in the smallest 30% of detached houses in Banbury, based on EPC data. The below chart shows the distribution of detached houses by size in Banbury, and where 2 GARDEN CLOSE lies on this distribution: 30% of detached houses are smaller than 2 GARDEN CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Banbury.

2 GARDEN CLOSE: Plot and Title Map

2 GARDEN CLOSE sits on a plot of roughly 0.049 of an acre, or 199m². The below map shows the location of 2 GARDEN 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 2 GARDEN 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 2 GARDEN CLOSE?

2 GARDEN CLOSE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 2 on GARDEN CLOSE.