14, HEATH CLOSE, MILCOMBE, BANBURY, OX15 4RZ - £475,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

14 HEATH CLOSE is a very large extended detached house of 212m², built sometime between 1950 and 1966. It was last sold for £475,000 in July 2022, which was around 13% below the average July 2022 detached price in the Cherwell local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was C.

14 HEATH CLOSE Sold Prices

Land registry data shows two sales for 14 HEATH 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 14 HEATH 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
2022 5 JUL	£475,000	£546,204	13% below HPI
2014 30 SEP	£345,000	£412,499	16% below HPI

14 HEATH 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 14 HEATH CLOSE sales from September 2014 and July 2022 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 September 2014 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the July 2022 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 14 HEATH CLOSE?

14 HEATH CLOSE is 212m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the largest 10% of detached houses in Milcombe, based on EPC data. The below chart shows the distribution of detached houses by size in Milcombe, and where 14 HEATH CLOSE lies on this distribution: 94% of detached houses are smaller than 14 HEATH CLOSE, and 6% of houses are larger. Note that EPC data is not available for all properties in Milcombe.

14 HEATH CLOSE: Plot and Title Map

14 HEATH CLOSE sits on a plot of roughly 0.124 of an acre, or 501m². The below map shows the location of 14 HEATH 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 14 HEATH 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 14 HEATH CLOSE?

14 HEATH CLOSE is located in MILCOMBE, in the OX15 postcode district. The below map shows the position of No. 14 on HEATH CLOSE.