2, NORAL CLOSE, BANBURY, OX16 2DW - £570,000

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 NORAL CLOSE is a very large detached house of 171m². It was last sold for £570,000 in October 2022, which was around 1% below the average October 2022 detached price in the Cherwell local authority area. The most recent EPC inspection was February 2019, where the current energy rating was B, and the potential energy rating was A.

2 NORAL CLOSE Sold Prices

Land registry data shows two sales for 2 NORAL 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 NORAL 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 14 OCT	£570,000	£575,876	1% below HPI
2019 21 JUN	£450,000	£458,748	2% below HPI

2 NORAL 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 NORAL CLOSE sales from June 2019 and October 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 June 2019 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the October 2022 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 2 NORAL CLOSE?

2 NORAL CLOSE is 171m² according to the EPC inspection conducted in February 2019. This puts it in the largest 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 2 NORAL CLOSE lies on this distribution: 94% of detached houses are smaller than 2 NORAL CLOSE, and 6% of houses are larger. Note that EPC data is not available for all properties in Banbury.

2 NORAL CLOSE: Plot and Title Map

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

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