3, FALCON CLOSE, BANBURY, OX16 9QS - £225,000

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.

3 FALCON CLOSE is a small extended detached house of 88m², built sometime between 1967 and 1975, which could now be worth an estimated £389,791. It was last sold for £225,000 in May 2011, which was around 32% below the average May 2011 detached price in the Cherwell local authority area. The most recent EPC inspection was June 2009, where the current energy rating was C, and the potential energy rating was C.

3 FALCON CLOSE Sold Prices

Land registry data shows three sales for 3 FALCON 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 3 FALCON 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
2011 20 MAY	£225,000	£329,825	32% below HPI
2009 14 AUG	£212,500	£310,116	31% below HPI
1995 3 NOV	£81,000	£95,993	16% below HPI

3 FALCON 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 3 FALCON CLOSE sales between November 1995 and May 2011 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 August 2009 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the May 2011 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 3 FALCON CLOSE be worth now?

3 FALCON CLOSE might now be worth an estimated £389,791.

This is based on house price inflation of 73.2%, between May 2011 and March 2025, 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 73.2% inflationary increase is applied to the most recent sale price for 3 FALCON CLOSE of £225,000 on 20th May 2011. For the value to have increased from £225,000 to £389,791 over the fourteen years and two months to March 2025, the following assumptions must hold true:

• The value of 3 FALCON CLOSE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The May 2011 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FALCON CLOSE has not materially changed since May 2011.

How Large is 3 FALCON CLOSE?

3 FALCON CLOSE is 88m², which includes one extension, according to the EPC inspection conducted in June 2009. This puts it in the smallest 30% 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 3 FALCON CLOSE lies on this distribution: 21% of detached houses houses are smaller than 3 FALCON CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Banbury.

3 FALCON CLOSE: Plot and Title Map

3 FALCON CLOSE sits on a plot of roughly 0.131 of an acre, or 532m². The below map shows the location of 3 FALCON 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 3 FALCON 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 3 FALCON CLOSE?

3 FALCON CLOSE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 3 on FALCON CLOSE.