45, BANESBERIE CLOSE, BANBURY, OX16 1YH - £305,000

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.

45 BANESBERIE CLOSE is a very large extended detached house of 138m², built sometime between 1983 and 1990, which could now be worth an estimated £468,734. It was last sold for £305,000 in November 2013, which was around 18% below the average November 2013 detached price in the Cherwell local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was C.

45 BANESBERIE CLOSE Sold Prices

Land registry data shows three sales for 45 BANESBERIE 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 45 BANESBERIE 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
2013 15 NOV	£305,000	£371,798	18% below HPI
2006 4 SEP	£170,000	£326,904	48% below HPI
1997 7 FEB	£98,000	£106,272	8% below HPI

45 BANESBERIE 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 45 BANESBERIE CLOSE sales between February 1997 and November 2013 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 September 2006 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the November 2013 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 45 BANESBERIE CLOSE be worth now?

45 BANESBERIE CLOSE might now be worth an estimated £468,734.

This is based on house price inflation of 53.7%, between November 2013 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 53.7% inflationary increase is applied to the most recent sale price for 45 BANESBERIE CLOSE of £305,000 on 15th November 2013. For the value to have increased from £305,000 to £468,734 over the twelve years and eight months to March 2025, the following assumptions must hold true:

• The value of 45 BANESBERIE CLOSE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The November 2013 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 45 BANESBERIE CLOSE has not materially changed since November 2013.

How Large is 45 BANESBERIE CLOSE?

45 BANESBERIE CLOSE is 138m², which includes two extensions, according to the EPC inspection conducted in June 2013. This puts it in the largest 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 45 BANESBERIE CLOSE lies on this distribution: 80% of detached houses houses are smaller than 45 BANESBERIE CLOSE, and 20% of houses are larger. Note that EPC data is not available for all properties in Banbury.

45 BANESBERIE CLOSE: Plot and Title Map

45 BANESBERIE CLOSE sits on a plot of roughly 0.131 of an acre, or 531m². The below map shows the location of 45 BANESBERIE 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 45 BANESBERIE 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 45 BANESBERIE CLOSE?

45 BANESBERIE CLOSE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 45 on BANESBERIE CLOSE.