2, MICHAELMAS CLOSE, MIDDLETON CHENEY, BANBURY, OX17 2GS - £875,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 MICHAELMAS CLOSE is a very large detached house of 208m², built sometime between 1996 and 2002, which could now be worth an estimated £1,016,068. It was last sold for £875,000 in June 2021, which was around 114% above the average June 2021 detached price in the West Northamptonshire local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was C.

2 MICHAELMAS CLOSE Sold Prices

Land registry data shows three sales for 2 MICHAELMAS 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 West Northamptonshire local authority area for the corresponding sale date. All of the three 2 MICHAELMAS CLOSE sales were for above 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
2021 30 JUN	£875,000	£408,503	114% above HPI
2016 31 MAR	£645,000	£345,783	87% above HPI
2002 29 OCT	£546,250	£203,625	168% above HPI

2 MICHAELMAS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Northamptonshire local authority area over time, sourced from the HPI. The three 2 MICHAELMAS CLOSE sales between October 2002 and June 2021 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 March 2016 sale was for 87% above the HPI. So the extrapolation line tracks at 87% above the HPI over time, until the June 2021 sale, where it rises to 114% above the HPI. The line then continues to track at 114% above the HPI.

What might 2 MICHAELMAS CLOSE be worth now?

2 MICHAELMAS CLOSE might now be worth an estimated £1,016,068.

This is based on house price inflation of 16.1%, between June 2021 and February 2025, for detached houses, in the West Northamptonshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.1% inflationary increase is applied to the most recent sale price for 2 MICHAELMAS CLOSE of £875,000 on 30th June 2021. For the value to have increased from £875,000 to £1,016,068 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 2 MICHAELMAS CLOSE has moved in line with the HPI for detached houses in the West Northamptonshire local authority area.
• The June 2021 sale price of £875,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MICHAELMAS CLOSE has not materially changed since June 2021.

How Large is 2 MICHAELMAS CLOSE?

2 MICHAELMAS CLOSE is 208m² according to the EPC inspection conducted in March 2014. This puts it in the largest 10% of detached houses houses in Middleton Cheney, based on EPC data. The below chart shows the distribution of detached houses houses by size in Middleton Cheney, and where 2 MICHAELMAS CLOSE lies on this distribution: 93% of detached houses houses are smaller than 2 MICHAELMAS CLOSE, and 7% of houses are larger. Note that EPC data is not available for all properties in Middleton Cheney.

2 MICHAELMAS CLOSE: Plot and Title Map

2 MICHAELMAS CLOSE sits on a plot of roughly 0.225 of an acre, or 910m². The below map shows the location of 2 MICHAELMAS 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 MICHAELMAS 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 MICHAELMAS CLOSE?

2 MICHAELMAS CLOSE is located in MIDDLETON CHENEY, in the OX17 postcode district. The below map shows the position of No. 2 on MICHAELMAS CLOSE.