5, LOWER CLOSE, BODICOTE, BANBURY, OX15 4DZ - £232,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 LOWER CLOSE is a very small detached house of 70m², built sometime between 1950 and 1966. It was last sold for £232,500 in June 2012, which was around 31% below the average June 2012 detached price in the Cherwell local authority area. The most recent EPC inspection was March 2012, where the current energy rating was E, and the potential energy rating was D.

5 LOWER CLOSE Sold Prices

Land registry data shows three sales for 5 LOWER 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 5 LOWER 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
2012 29 JUN	£232,500	£338,838	31% below HPI
2000 14 JUL	£115,000	£191,593	40% below HPI
1995 27 NOV	£59,000	£97,408	39% below HPI

5 LOWER 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 5 LOWER CLOSE sales between November 1995 and June 2012 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 July 2000 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the June 2012 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 5 LOWER CLOSE?

5 LOWER CLOSE is 70m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 10% of detached houses in Bodicote, based on EPC data. The below chart shows the distribution of detached houses by size in Bodicote, and where 5 LOWER CLOSE lies on this distribution: 1% of detached houses are smaller than 5 LOWER CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Bodicote.

5 LOWER CLOSE: Plot and Title Map

5 LOWER CLOSE sits on a plot of roughly 0.117 of an acre, or 473m². The below map shows the location of 5 LOWER 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 5 LOWER 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 5 LOWER CLOSE?

5 LOWER CLOSE is located in BODICOTE, in the OX15 postcode district. The below map shows the position of No. 5 on LOWER CLOSE.