4, FALCON CLOSE, BANBURY, OX16 9QS - £360,000

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.

4 FALCON CLOSE is a midsized extended detached house of 114m², built sometime between 1967 and 1975, which could now be worth an estimated £414,268. It was last sold for £360,000 in June 2021, which was around 27% below the average June 2021 detached price in the Cherwell local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

4 FALCON CLOSE Sold Prices

Land registry data shows two sales for 4 FALCON 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 4 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
2021 18 JUN	£360,000	£494,506	27% below HPI
2015 10 DEC	£325,000	£449,487	28% below HPI

4 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 two 4 FALCON CLOSE sales from December 2015 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 December 2015 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the June 2021 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 4 FALCON CLOSE be worth now?

4 FALCON CLOSE might now be worth an estimated £414,268.

This is based on house price inflation of 15.1%, between June 2021 and February 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 15.1% inflationary increase is applied to the most recent sale price for 4 FALCON CLOSE of £360,000 on 18th June 2021. For the value to have increased from £360,000 to £414,268 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 4 FALCON CLOSE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The June 2021 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 4 FALCON CLOSE has not materially changed since June 2021.

How Large is 4 FALCON CLOSE?

4 FALCON CLOSE is 114m², which includes three extensions, according to the EPC inspection conducted in September 2014. This puts it in the largest 50% 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 4 FALCON CLOSE lies on this distribution: 53% of detached houses houses are smaller than 4 FALCON CLOSE, and 46% of houses are larger. Note that EPC data is not available for all properties in Banbury.

4 FALCON CLOSE: Plot and Title Map

4 FALCON CLOSE sits on a plot of roughly 0.102 of an acre, or 413m². The below map shows the location of 4 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 4 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 4 FALCON CLOSE?

4 FALCON CLOSE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 4 on FALCON CLOSE.