40, RIBSTON CLOSE, BANBURY, OX16 1AN - £345,000

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

40 RIBSTON CLOSE is a very small detached house of 88m², built sometime between 2003 and 2006. It was last sold for £345,000 in February 2024, which was around 37% below the average February 2024 detached price in the Cherwell local authority area. The most recent EPC inspection was November 2018, where the current energy rating was C, and the potential energy rating was B.

40 RIBSTON CLOSE Sold Prices

Land registry data shows two sales for 40 RIBSTON 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 40 RIBSTON 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
2024 23 FEB	£345,000	£545,091	37% below HPI
2003 19 DEC	£197,750	£276,794	29% below HPI

40 RIBSTON 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 40 RIBSTON CLOSE sales from December 2003 and February 2024 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 2003 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the February 2024 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 40 RIBSTON CLOSE?

40 RIBSTON CLOSE is 88m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 20% of detached houses in Banbury, based on EPC data. The below chart shows the distribution of detached houses by size in Banbury, and where 40 RIBSTON CLOSE lies on this distribution: 19% of detached houses are smaller than 40 RIBSTON CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Banbury.

40 RIBSTON CLOSE: Plot and Title Map

40 RIBSTON CLOSE sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of 40 RIBSTON 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 40 RIBSTON 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 40 RIBSTON CLOSE?

40 RIBSTON CLOSE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 40 on RIBSTON CLOSE.