2, MILLWRIGHT CLOSE, BANBURY, OX16 0RU - £112,950

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.

2 MILLWRIGHT CLOSE is a very small terraced house of 37m², built sometime between 1996 and 2002, which could now be worth an estimated £214,289. It was last sold for £112,950 in October 2005, which was around 27% below the average October 2005 terraced price in the Cherwell local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was A.

2 MILLWRIGHT CLOSE Sold Prices

Land registry data shows four sales for 2 MILLWRIGHT CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Cherwell local authority area for the corresponding sale date. All of the four 2 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 14 OCT	£112,950	£154,832	27% below HPI
2002 27 MAR	£82,000	£101,056	19% below HPI
1999 19 NOV	£64,000	£76,788	17% below HPI
1998 19 NOV	£47,500	£66,183	28% below HPI

2 MILLWRIGHT CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Cherwell local authority area over time, sourced from the HPI. The four 2 MILLWRIGHT CLOSE sales between November 1998 and October 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 March 2002 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the October 2005 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 2 MILLWRIGHT CLOSE be worth now?

2 MILLWRIGHT CLOSE might now be worth an estimated £214,289.

This is based on house price inflation of 89.7%, between October 2005 and August 2025, for terraced 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 89.7% inflationary increase is applied to the most recent sale price for 2 MILLWRIGHT CLOSE of £112,950 on 14th October 2005. For the value to have increased from £112,950 to £214,289 over the twenty years and two months to August 2025, the following assumptions must hold true:

• The value of 2 MILLWRIGHT CLOSE has moved in line with the HPI for terraced houses in the Cherwell local authority area.
• The October 2005 sale price of £112,950 represented a fair market value for the property.
• The size, condition, and specification of 2 MILLWRIGHT CLOSE has not materially changed since October 2005.

How Large is 2 MILLWRIGHT CLOSE?

2 MILLWRIGHT CLOSE is 37m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 10% of terraced houses houses in Banbury, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Banbury, and where 2 MILLWRIGHT CLOSE lies on this distribution: Less than 1% of terraced houses houses are smaller than 2 MILLWRIGHT CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Banbury.

2 MILLWRIGHT CLOSE: Plot and Title Map

2 MILLWRIGHT CLOSE sits on a plot of roughly 0.013 of an acre, or 51m². The below map shows the location of 2 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 2 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 2 MILLWRIGHT CLOSE?

2 MILLWRIGHT CLOSE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 2 on MILLWRIGHT CLOSE.