14, MILLWRIGHT CLOSE, BANBURY, OX16 0RU - £146,250

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.

14 MILLWRIGHT CLOSE is a very small semi-detached house of 55m², built sometime between 1996 and 2002, which could now be worth an estimated £285,401. It was last sold for £146,250 in March 2005, which was around 18% below the average March 2005 semi-detached price in the Cherwell local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was B.

14 MILLWRIGHT CLOSE Sold Prices

Land registry data shows two sales for 14 MILLWRIGHT CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Cherwell local authority area for the corresponding sale date. Both of the two 14 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
2005 11 MAR	£146,250	£178,414	18% below HPI
1997 31 JAN	£54,950	£59,426	8% below HPI

14 MILLWRIGHT CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cherwell local authority area over time, sourced from the HPI. The two 14 MILLWRIGHT CLOSE sales from January 1997 and March 2005 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 January 1997 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the March 2005 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 14 MILLWRIGHT CLOSE be worth now?

14 MILLWRIGHT CLOSE might now be worth an estimated £285,401.

This is based on house price inflation of 95.1%, between March 2005 and February 2025, for semi-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 95.1% inflationary increase is applied to the most recent sale price for 14 MILLWRIGHT CLOSE of £146,250 on 11th March 2005. For the value to have increased from £146,250 to £285,401 over the twenty years and one month to February 2025, the following assumptions must hold true:

• The value of 14 MILLWRIGHT CLOSE has moved in line with the HPI for semi-detached houses in the Cherwell local authority area.
• The March 2005 sale price of £146,250 represented a fair market value for the property.
• The size, condition, and specification of 14 MILLWRIGHT CLOSE has not materially changed since March 2005.

How Large is 14 MILLWRIGHT CLOSE?

14 MILLWRIGHT CLOSE is 55m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 10% of semi-detached houses houses in Banbury, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Banbury, and where 14 MILLWRIGHT CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 14 MILLWRIGHT CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Banbury.

14 MILLWRIGHT CLOSE: Plot and Title Map

14 MILLWRIGHT CLOSE sits on a plot of roughly 0.042 of an acre, or 170m². The below map shows the location of 14 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 14 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 14 MILLWRIGHT CLOSE?

14 MILLWRIGHT CLOSE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 14 on MILLWRIGHT CLOSE.