15, RIDGE CLOSE, BANBURY, OX16 9BJ - £295,000

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.

15 RIDGE CLOSE is a very small extended semi-detached house of 82m², built sometime between 1996 and 2002, which could now be worth an estimated £306,084. It was last sold for £295,000 in May 2025, which was around 14% below the average May 2025 semi-detached price in the Cherwell local authority area. The most recent EPC inspection was October 2024, where the current energy rating was C, and the potential energy rating was B.

15 RIDGE CLOSE Sold Prices

Land registry data shows three sales for 15 RIDGE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Cherwell local authority area for the corresponding sale date. All of the three 15 RIDGE 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
2025 15 MAY	£295,000	£344,035	14% below HPI
2018 9 NOV	£241,000	£287,641	16% below HPI
1996 25 OCT	£56,250	£61,396	8% below HPI

15 RIDGE 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 three 15 RIDGE CLOSE sales between October 1996 and May 2025 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 November 2018 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the May 2025 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 15 RIDGE CLOSE be worth now?

15 RIDGE CLOSE might now be worth an estimated £306,084.

This is based on house price inflation of 3.8%, between May 2025 and August 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 3.8% inflationary increase is applied to the most recent sale price for 15 RIDGE CLOSE of £295,000 on 15th May 2025. For the value to have increased from £295,000 to £306,084 over the nine months to August 2025, the following assumptions must hold true:

• The value of 15 RIDGE CLOSE has moved in line with the HPI for semi-detached houses in the Cherwell local authority area.
• The May 2025 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 15 RIDGE CLOSE has not materially changed since May 2025.

How Large is 15 RIDGE CLOSE?

15 RIDGE CLOSE is 82m², which includes two extensions, according to the EPC inspection conducted in October 2024. This puts it in the smallest 20% 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 15 RIDGE CLOSE lies on this distribution: 13% of semi-detached houses houses are smaller than 15 RIDGE CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Banbury.

15 RIDGE CLOSE: Plot and Title Map

15 RIDGE CLOSE sits on a plot of roughly 0.045 of an acre, or 182m². The below map shows the location of 15 RIDGE 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 15 RIDGE 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 15 RIDGE CLOSE?

15 RIDGE CLOSE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 15 on RIDGE CLOSE.