2, MALVERN CLOSE, BANBURY, OX16 9EL - £323,000

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

2 MALVERN CLOSE is a very small extended detached house of 78m², built sometime between 1967 and 1975, which could now be worth an estimated £357,520. It was last sold for £323,000 in April 2022, which was around 39% below the average April 2022 detached price in the Cherwell local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

2 MALVERN CLOSE Sold Prices

Land registry data shows two sales for 2 MALVERN 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 2 MALVERN 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 12 APR	£323,000	£528,278	39% below HPI
2013 11 JAN	£235,000	£343,215	32% below HPI

2 MALVERN 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 2 MALVERN CLOSE sales from January 2013 and April 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 January 2013 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the April 2022 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 2 MALVERN CLOSE be worth now?

2 MALVERN CLOSE might now be worth an estimated £357,520.

This is based on house price inflation of 10.7%, between April 2022 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 10.7% inflationary increase is applied to the most recent sale price for 2 MALVERN CLOSE of £323,000 on 12th April 2022. For the value to have increased from £323,000 to £357,520 over the one year and four months to December 2024, the following assumptions must hold true:

• The value of 2 MALVERN CLOSE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The April 2022 sale price of £323,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MALVERN CLOSE has not materially changed since April 2022.

How Large is 2 MALVERN CLOSE?

2 MALVERN CLOSE is 78m², which includes one extension, according to the EPC inspection conducted in May 2012. This puts it in the smallest 20% 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 2 MALVERN CLOSE lies on this distribution: 10% of detached houses houses are smaller than 2 MALVERN CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Banbury.

2 MALVERN CLOSE: Plot and Title Map

2 MALVERN CLOSE sits on a plot of roughly 0.085 of an acre, or 344m². The below map shows the location of 2 MALVERN 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 MALVERN 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 MALVERN CLOSE?

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