31, RYE CLOSE, BANBURY, OX16 1XG - £95,500

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.

31 RYE CLOSE is a very small terraced house of 56m², built sometime between 1976 and 1982, which could now be worth an estimated £277,598. It was last sold for £95,500 in March 2002, which was around 5% below the average March 2002 terraced price in the Cherwell local authority area. The most recent EPC inspection was November 2022, where the current energy rating was C, and the potential energy rating was A.

31 RYE CLOSE Sold Prices

Land registry data shows three sales for 31 RYE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Cherwell local authority area for the corresponding sale date. All of the three 31 RYE 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
2002 22 MAR	£95,500	£101,056	5% below HPI
1999 15 NOV	£54,000	£76,788	30% below HPI
1998 17 JUL	£56,000	£65,876	15% below HPI

31 RYE 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 three 31 RYE CLOSE sales between July 1998 and March 2002 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 1999 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the March 2002 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 31 RYE CLOSE be worth now?

31 RYE CLOSE might now be worth an estimated £277,598.

This is based on house price inflation of 190.7%, between March 2002 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 190.7% inflationary increase is applied to the most recent sale price for 31 RYE CLOSE of £95,500 on 22nd March 2002. For the value to have increased from £95,500 to £277,598 over the 22 years and seven months to August 2025, the following assumptions must hold true:

• The value of 31 RYE CLOSE has moved in line with the HPI for terraced houses in the Cherwell local authority area.
• The March 2002 sale price of £95,500 represented a fair market value for the property.
• The size, condition, and specification of 31 RYE CLOSE has not materially changed since March 2002.

How Large is 31 RYE CLOSE?

31 RYE CLOSE is 56m² according to the EPC inspection conducted in November 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 31 RYE CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 31 RYE CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Banbury.

31 RYE CLOSE: Plot and Title Map

31 RYE CLOSE sits on a plot of roughly 0.032 of an acre, or 131m². The below map shows the location of 31 RYE 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 31 RYE 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 31 RYE CLOSE?

31 RYE CLOSE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 31 on RYE CLOSE.