MELBANK, CHURCH LANE, WENDLEBURY, BICESTER, OX25 2PN - £346,000

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

MELBANK is a small detached house of 107m², built sometime between 1950 and 1966. It was last sold for £346,000 in January 2015, which was around 16% below the average January 2015 detached price in the Cherwell local authority area. The most recent EPC inspection was May 2015, where the current energy rating was F, and the potential energy rating was C.

MELBANK Sold Prices

Land registry data shows two sales for MELBANK 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 MELBANK 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 16 JAN	£346,000	£410,470	16% below HPI
2003 31 OCT	£245,000	£273,986	11% below HPI

MELBANK 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 MELBANK sales from October 2003 and January 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 October 2003 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the January 2015 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is MELBANK?

MELBANK is 107m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 30% of detached houses in Wendlebury, based on EPC data. The below chart shows the distribution of detached houses by size in Wendlebury, and where MELBANK lies on this distribution: 20% of detached houses are smaller than MELBANK, and 80% of houses are larger. Note that EPC data is not available for all properties in Wendlebury.

MELBANK: Plot and Title Map

MELBANK sits on a plot of roughly 0.142 of an acre, or 576m². The below map shows the location of MELBANK, 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 MELBANK). 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 MELBANK?

MELBANK is located on CHURCH LANE in WENDLEBURY, in the OX25 postcode district. The below map shows the position of MELBANK on CHURCH LANE.