2, ORCHARD CLOSE, LOWER BRAILES, BANBURY, OX15 5AH - £395,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 ORCHARD CLOSE is a very small detached house of 84m², built sometime between 1967 and 1975. It was last sold for £395,000 in February 2022, which was around 23% below the average February 2022 detached price in the Stratford-on-Avon local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was C.

2 ORCHARD CLOSE Sold Prices

Land registry data shows two sales for 2 ORCHARD 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 Stratford-on-Avon local authority area for the corresponding sale date. Both of the two 2 ORCHARD 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 11 FEB	£395,000	£510,658	23% below HPI
1998 23 OCT	£79,000	£158,869	50% below HPI

2 ORCHARD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stratford-on-Avon local authority area over time, sourced from the HPI. The two 2 ORCHARD CLOSE sales from October 1998 and February 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 October 1998 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the February 2022 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 2 ORCHARD CLOSE?

2 ORCHARD CLOSE is 84m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 20% of detached houses in Lower Brailes, based on EPC data. The below chart shows the distribution of detached houses by size in Lower Brailes, and where 2 ORCHARD CLOSE lies on this distribution: 11% of detached houses are smaller than 2 ORCHARD CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Lower Brailes.

2 ORCHARD CLOSE: Plot and Title Map

2 ORCHARD CLOSE sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 2 ORCHARD 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 ORCHARD 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 ORCHARD CLOSE?

2 ORCHARD CLOSE is located in LOWER BRAILES, in the OX15 postcode district. The below map shows the position of No. 2 on ORCHARD CLOSE.