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

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.

40 RIBSTON CLOSE is a very small detached house of 88m², built sometime between 2003 and 2006, which could now be worth an estimated £373,622. It was last sold for £345,000 in February 2024, which was around 35% 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	£527,619	35% below HPI
2003 19 DEC	£197,750	£272,773	28% 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 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the February 2024 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 40 RIBSTON CLOSE be worth now?

40 RIBSTON CLOSE might now be worth an estimated £373,622.

This is based on house price inflation of 8.3%, between February 2024 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 8.3% inflationary increase is applied to the most recent sale price for 40 RIBSTON CLOSE of £345,000 on 23rd February 2024. For the value to have increased from £345,000 to £373,622 over the eleven months to March 2025, the following assumptions must hold true:

• The value of 40 RIBSTON CLOSE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The February 2024 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 40 RIBSTON CLOSE has not materially changed since February 2024.

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 houses in Banbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Banbury, and where 40 RIBSTON CLOSE lies on this distribution: 19% of detached houses houses are smaller than 40 RIBSTON CLOSE, and 80% 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.