25, RIDGE CLOSE, BANBURY, OX16 9BJ - £227,500

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.

25 RIDGE CLOSE is a midsized extended detached house of 106m², built sometime between 1967 and 1975, which could now be worth an estimated £386,412. It was last sold for £227,500 in August 2010, which was around 34% below the average August 2010 detached price in the Cherwell local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was C.

25 RIDGE CLOSE Sold Prices

Land registry data shows three sales for 25 RIDGE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. All of the three 25 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
2010 2 AUG	£227,500	£342,834	34% below HPI
2007 6 JUN	£222,500	£335,413	34% below HPI
1998 27 NOV	£85,000	£142,341	40% below HPI

25 RIDGE 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 three 25 RIDGE CLOSE sales between November 1998 and August 2010 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 June 2007 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the August 2010 sale, which was also at 34% below the HPI.

What might 25 RIDGE CLOSE be worth now?

25 RIDGE CLOSE might now be worth an estimated £386,412.

This is based on house price inflation of 69.9%, between August 2010 and August 2025, for 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 69.9% inflationary increase is applied to the most recent sale price for 25 RIDGE CLOSE of £227,500 on 2nd August 2010. For the value to have increased from £227,500 to £386,412 over the fifteen years to August 2025, the following assumptions must hold true:

• The value of 25 RIDGE CLOSE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The August 2010 sale price of £227,500 represented a fair market value for the property.
• The size, condition, and specification of 25 RIDGE CLOSE has not materially changed since August 2010.

How Large is 25 RIDGE CLOSE?

25 RIDGE CLOSE is 106m², which includes one extension, according to the EPC inspection conducted in April 2010. This puts it in the smallest 50% of detached houses houses in Banbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Banbury, and where 25 RIDGE CLOSE lies on this distribution: 42% of detached houses houses are smaller than 25 RIDGE CLOSE, and 57% of houses are larger. Note that EPC data is not available for all properties in Banbury.

25 RIDGE CLOSE: Plot and Title Map

25 RIDGE CLOSE sits on a plot of roughly 0.057 of an acre, or 232m². The below map shows the location of 25 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 25 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 25 RIDGE CLOSE?

25 RIDGE CLOSE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 25 on RIDGE CLOSE.