7, FALCON CLOSE, BANBURY, OX16 9QS - £600,000

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

7 FALCON CLOSE is a very large extended detached house of 178m², built sometime between 1967 and 1975. It was last sold for £600,000 in November 2022, which was around 5% above the average November 2022 detached price in the Cherwell local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

7 FALCON CLOSE Sold Prices

Land registry data shows two sales for 7 FALCON 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. One of the two 7 FALCON CLOSE sales was for above the average price, whilst the other was 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
2022 25 NOV	£600,000	£573,735	5% above HPI
2013 15 NOV	£220,000	£377,279	42% below HPI

7 FALCON 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 7 FALCON CLOSE sales from November 2013 and November 2022 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 November 2013 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the November 2022 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is 7 FALCON CLOSE?

7 FALCON CLOSE is 178m², which includes three extensions, according to the EPC inspection conducted in June 2022. This puts it in the largest 10% of detached houses in Banbury, based on EPC data. The below chart shows the distribution of detached houses by size in Banbury, and where 7 FALCON CLOSE lies on this distribution: 96% of detached houses are smaller than 7 FALCON CLOSE, and 4% of houses are larger. Note that EPC data is not available for all properties in Banbury.

7 FALCON CLOSE: Plot and Title Map

7 FALCON CLOSE sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 7 FALCON 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 FALCON 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 FALCON CLOSE?

7 FALCON CLOSE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 7 on FALCON CLOSE.