7, CHESTNUT CLOSE, LAUNTON, BICESTER, OX26 5DE - £395,000

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.

7 CHESTNUT CLOSE is a large extended detached house of 149m², built sometime between 1976 and 1982, which could now be worth an estimated £514,582. It was last sold for £395,000 in August 2015, which was around 10% below the average August 2015 detached price in the Cherwell local authority area. The most recent EPC inspection was April 2015, where the current energy rating was C, and the potential energy rating was B.

7 CHESTNUT CLOSE Sold Prices

Land registry data shows four sales for 7 CHESTNUT CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. All of the four 7 CHESTNUT 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
2015 7 AUG	£395,000	£436,810	10% below HPI
2015 26 JUN	£385,000	£428,245	10% below HPI
2008 25 MAR	£335,000	£339,630	1% below HPI
2001 17 AUG	£200,000	£205,621	3% below HPI

7 CHESTNUT 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 four 7 CHESTNUT CLOSE sales between August 2001 and August 2015 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 June 2015 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the August 2015 sale, which was also at 10% below the HPI.

What might 7 CHESTNUT CLOSE be worth now?

7 CHESTNUT CLOSE might now be worth an estimated £514,582.

This is based on house price inflation of 30.3%, between August 2015 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 30.3% inflationary increase is applied to the most recent sale price for 7 CHESTNUT CLOSE of £395,000 on 7th August 2015. For the value to have increased from £395,000 to £514,582 over the ten years and six months to February 2025, the following assumptions must hold true:

• The value of 7 CHESTNUT CLOSE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The August 2015 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CHESTNUT CLOSE has not materially changed since August 2015.

How Large is 7 CHESTNUT CLOSE?

7 CHESTNUT CLOSE is 149m², which includes two extensions, according to the EPC inspection conducted in April 2015. This puts it in the largest 30% of detached houses houses in Launton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Launton, and where 7 CHESTNUT CLOSE lies on this distribution: 77% of detached houses houses are smaller than 7 CHESTNUT CLOSE, and 23% of houses are larger. Note that EPC data is not available for all properties in Launton.

7 CHESTNUT CLOSE: Plot and Title Map

7 CHESTNUT CLOSE sits on a plot of roughly 0.088 of an acre, or 357m². The below map shows the location of 7 CHESTNUT 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 7 CHESTNUT 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 7 CHESTNUT CLOSE?

7 CHESTNUT CLOSE is located in LAUNTON, in the OX26 postcode district. The below map shows the position of No. 7 on CHESTNUT CLOSE.