THE ORCHARD, LOWER FARM LANE, MOLLINGTON, BANBURY, OX17 1BJ - £640,000

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

THE ORCHARD is a very large extended detached house of 200m², built sometime between 1976 and 1982. It was last sold for £640,000 in March 2021, which was around 31% above the average March 2021 detached price in the Cherwell local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was C.

THE ORCHARD Sold Prices

Land registry data shows two sales for THE ORCHARD 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 THE ORCHARD sales were for above 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
2021 12 MAR	£640,000	£487,015	31% above HPI
2012 25 JUN	£420,000	£338,838	24% above HPI

THE ORCHARD 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 THE ORCHARD sales from June 2012 and March 2021 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 2012 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the March 2021 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is THE ORCHARD?

THE ORCHARD is 200m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the largest 10% of detached houses in Mollington, based on EPC data. The below chart shows the distribution of detached houses by size in Mollington, and where THE ORCHARD lies on this distribution: 93% of detached houses are smaller than THE ORCHARD, and 7% of houses are larger. Note that EPC data is not available for all properties in Mollington.

THE ORCHARD: Plot and Title Map

THE ORCHARD sits on a plot of roughly 0.578 of an acre, or 2,337m². The below map shows the location of THE ORCHARD, 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 THE ORCHARD). 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 THE ORCHARD?

THE ORCHARD is located on LOWER FARM LANE in MOLLINGTON, in the OX17 postcode district. The below map shows the position of THE ORCHARD on LOWER FARM LANE.