1, MILLWRIGHT CLOSE, BANBURY, OX16 0RU - £160,000

1 MILLWRIGHT CLOSE is a very small extended detached house of 55m², built sometime between 1991 and 1995. It was last sold for £160,000 in February 2011, which was around 54% below the average February 2011 detached price in the Cherwell local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was B.

1 MILLWRIGHT CLOSE Sold Prices

Land registry data shows four sales for 1 MILLWRIGHT CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. All of the four 1 MILLWRIGHT 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
2011 9 FEB	£160,000	£344,873	54% below HPI
2008 18 APR	£157,000	£347,504	55% below HPI
2002 30 JAN	£119,250	£217,568	45% below HPI
2000 15 DEC	£94,500	£194,124	51% below HPI

1 MILLWRIGHT 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 four 1 MILLWRIGHT CLOSE sales between December 2000 and February 2011 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 April 2008 sale was for 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the February 2011 sale, where it rises to 54% below the HPI. The line then continues to track at 54% below the HPI.

How Large is 1 MILLWRIGHT CLOSE?

1 MILLWRIGHT CLOSE is 55m², which includes one extension, according to the EPC inspection conducted in March 2023. This puts it in the smallest 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 1 MILLWRIGHT CLOSE lies on this distribution: 1% of detached houses are smaller than 1 MILLWRIGHT CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Banbury.

1 MILLWRIGHT CLOSE: Plot and Title Map

1 MILLWRIGHT CLOSE sits on a plot of roughly 0.025 of an acre, or 99m². The below map shows the location of 1 MILLWRIGHT 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 1 MILLWRIGHT 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 1 MILLWRIGHT CLOSE?

1 MILLWRIGHT CLOSE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 1 on MILLWRIGHT CLOSE.