2, ORCHARD CLOSE, LOWER BRAILES, BANBURY, OX15 5AH - £395,000

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.

2 ORCHARD CLOSE is a very small detached house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £456,248. It was last sold for £395,000 in February 2022, which was around 24% below the average February 2022 detached price in the Stratford-on-Avon local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was C.

2 ORCHARD CLOSE Sold Prices

Land registry data shows two sales for 2 ORCHARD 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 Stratford-on-Avon local authority area for the corresponding sale date. Both of the two 2 ORCHARD 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 11 FEB	£395,000	£522,534	24% below HPI
1998 23 OCT	£79,000	£162,564	51% below HPI

2 ORCHARD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stratford-on-Avon local authority area over time, sourced from the HPI. The two 2 ORCHARD CLOSE sales from October 1998 and February 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 October 1998 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the February 2022 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 2 ORCHARD CLOSE be worth now?

2 ORCHARD CLOSE might now be worth an estimated £456,248.

This is based on house price inflation of 15.5%, between February 2022 and February 2025, for detached houses, in the Stratford-on-Avon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.5% inflationary increase is applied to the most recent sale price for 2 ORCHARD CLOSE of £395,000 on 11th February 2022. For the value to have increased from £395,000 to £456,248 over the three years to February 2025, the following assumptions must hold true:

• The value of 2 ORCHARD CLOSE has moved in line with the HPI for detached houses in the Stratford-on-Avon local authority area.
• The February 2022 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ORCHARD CLOSE has not materially changed since February 2022.

How Large is 2 ORCHARD CLOSE?

2 ORCHARD CLOSE is 84m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 20% of detached houses houses in Lower Brailes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lower Brailes, and where 2 ORCHARD CLOSE lies on this distribution: 10% of detached houses houses are smaller than 2 ORCHARD CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Lower Brailes.

2 ORCHARD CLOSE: Plot and Title Map

2 ORCHARD CLOSE sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 2 ORCHARD 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 ORCHARD 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 ORCHARD CLOSE?

2 ORCHARD CLOSE is located in LOWER BRAILES, in the OX15 postcode district. The below map shows the position of No. 2 on ORCHARD CLOSE.