7, RYE CLOSE, BANBURY, OX16 1XG - £317,500

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 RYE CLOSE is a large detached house of 121m², built sometime between 1983 and 1990. It was last sold for £317,500 in July 2014, which was around 20% below the average July 2014 detached price in the Cherwell local authority area. The most recent EPC inspection was January 2014, where the current energy rating was C, and the potential energy rating was B.

7 RYE CLOSE Sold Prices

Land registry data shows two sales for 7 RYE 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 7 RYE 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
2014 25 JUL	£317,500	£396,930	20% below HPI
1998 7 MAY	£109,000	£134,040	19% below HPI

7 RYE 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 RYE CLOSE sales from May 1998 and July 2014 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 May 1998 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the July 2014 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 7 RYE CLOSE?

7 RYE CLOSE is 121m² according to the EPC inspection conducted in January 2014. This puts it in the largest 40% 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 RYE CLOSE lies on this distribution: 63% of detached houses are smaller than 7 RYE CLOSE, and 36% of houses are larger. Note that EPC data is not available for all properties in Banbury.

7 RYE CLOSE: Plot and Title Map

7 RYE CLOSE sits on a plot of roughly 0.117 of an acre, or 472m². The below map shows the location of 7 RYE 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 RYE 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 RYE CLOSE?

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