3, ORCHARD PIECE, MOLLINGTON, BANBURY, OX17 1DP - £400,000

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

3 ORCHARD PIECE is a very small extended detached house of 90m², built sometime between 1976 and 1982. It was last sold for £400,000 in December 2022, which was around 30% below the average December 2022 detached price in the Cherwell local authority area. The most recent EPC inspection was June 2016, where the current energy rating was E, and the potential energy rating was C.

3 ORCHARD PIECE Sold Prices

Land registry data shows seven sales for 3 ORCHARD PIECE since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. All of the seven 3 ORCHARD PIECE 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 16 DEC	£400,000	£572,401	30% below HPI
2017 10 OCT	£387,000	£488,250	21% below HPI
2009 20 NOV	£260,000	£326,332	20% below HPI
2009 7 JUL	£250,000	£308,359	19% below HPI
2007 18 MAY	£303,000	£335,088	10% below HPI
2003 8 OCT	£243,500	£273,986	11% below HPI
2000 27 JUL	£155,000	£191,593	19% below HPI

3 ORCHARD PIECE 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 seven 3 ORCHARD PIECE sales between July 2000 and December 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 2017 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the December 2022 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 3 ORCHARD PIECE?

3 ORCHARD PIECE is 90m², which includes one extension, according to the EPC inspection conducted in June 2016. This puts it in the smallest 20% of detached houses in Mollington, based on EPC data. The below chart shows the distribution of detached houses by size in Mollington, and where 3 ORCHARD PIECE lies on this distribution: 19% of detached houses are smaller than 3 ORCHARD PIECE, and 81% of houses are larger. Note that EPC data is not available for all properties in Mollington.

3 ORCHARD PIECE: Plot and Title Map

3 ORCHARD PIECE sits on a plot of roughly 0.081 of an acre, or 327m². The below map shows the location of 3 ORCHARD PIECE, 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 ORCHARD PIECE). 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 ORCHARD PIECE?

3 ORCHARD PIECE is located in MOLLINGTON, in the OX17 postcode district. The below map shows the position of No. 3 on ORCHARD PIECE.