5, ELM CLOSE, WHEATLEY, OXFORD, OX33 1UW - £387,500

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.

5 ELM CLOSE is a very small detached house of 81m², built sometime between 1950 and 1966, which could now be worth an estimated £453,804. It was last sold for £387,500 in March 2020, which was around 40% below the average March 2020 detached price in the South Oxfordshire local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

5 ELM CLOSE Sold Prices

Land registry data shows four sales for 5 ELM CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Oxfordshire local authority area for the corresponding sale date. All of the four 5 ELM 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
2020 26 MAR	£387,500	£650,742	40% below HPI
2014 29 AUG	£360,000	£522,527	31% below HPI
2011 23 MAY	£297,000	£449,993	34% below HPI
2008 14 APR	£270,000	£438,201	38% below HPI

5 ELM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Oxfordshire local authority area over time, sourced from the HPI. The four 5 ELM CLOSE sales between April 2008 and March 2020 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 August 2014 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the March 2020 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 5 ELM CLOSE be worth now?

5 ELM CLOSE might now be worth an estimated £453,804.

This is based on house price inflation of 17.1%, between March 2020 and March 2025, for detached houses, in the South Oxfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.1% inflationary increase is applied to the most recent sale price for 5 ELM CLOSE of £387,500 on 26th March 2020. For the value to have increased from £387,500 to £453,804 over the five years to March 2025, the following assumptions must hold true:

• The value of 5 ELM CLOSE has moved in line with the HPI for detached houses in the South Oxfordshire local authority area.
• The March 2020 sale price of £387,500 represented a fair market value for the property.
• The size, condition, and specification of 5 ELM CLOSE has not materially changed since March 2020.

How Large is 5 ELM CLOSE?

5 ELM CLOSE is 81m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 20% of detached houses houses in Wheatley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wheatley, and where 5 ELM CLOSE lies on this distribution: 19% of detached houses houses are smaller than 5 ELM CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Wheatley.

5 ELM CLOSE: Plot and Title Map

5 ELM CLOSE sits on a plot of roughly 0.064 of an acre, or 257m². The below map shows the location of 5 ELM 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 5 ELM 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 5 ELM CLOSE?

5 ELM CLOSE is located in WHEATLEY, in the OX33 postcode district. The below map shows the position of No. 5 on ELM CLOSE.