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

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.

MELBANK is a very small detached house of 107m², built sometime between 1950 and 1966, which could now be worth an estimated £486,743. It was last sold for £346,000 in January 2015, which was around 14% 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	£404,508	14% below HPI
2003 31 OCT	£245,000	£270,006	9% 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 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the January 2015 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might MELBANK be worth now?

MELBANK might now be worth an estimated £486,743.

This is based on house price inflation of 40.7%, between January 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 40.7% inflationary increase is applied to the most recent sale price for MELBANK of £346,000 on 16th January 2015. For the value to have increased from £346,000 to £486,743 over the nine years and eleven months to February 2025, the following assumptions must hold true:

• The value of MELBANK has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The January 2015 sale price of £346,000 represented a fair market value for the property.
• The size, condition, and specification of MELBANK has not materially changed since January 2015.

How Large is MELBANK?

MELBANK is 107m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 20% of detached houses houses in Wendlebury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wendlebury, and where MELBANK lies on this distribution: 17% of detached houses houses are smaller than MELBANK, and 83% 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.