7, RIBSTON CLOSE, BANBURY, OX16 1AW - £164,000

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.

7 RIBSTON CLOSE is a very small terraced house of 55m², built sometime between 2003 and 2006, which could now be worth an estimated £214,334. It was last sold for £164,000 in May 2019, which was around 27% below the average May 2019 terraced price in the Cherwell local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was C.

7 RIBSTON CLOSE Sold Prices

Land registry data shows four sales for 7 RIBSTON 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 7 RIBSTON 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
2019 15 MAY	£164,000	£224,765	27% below HPI
2014 24 OCT	£160,000	£208,713	23% below HPI
2007 5 OCT	£149,000	£188,117	21% below HPI
2004 18 JUN	£120,000	£144,735	17% below HPI

7 RIBSTON 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 7 RIBSTON CLOSE sales between June 2004 and May 2019 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 2014 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the May 2019 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 7 RIBSTON CLOSE be worth now?

7 RIBSTON CLOSE might now be worth an estimated £214,334.

This is based on house price inflation of 30.7%, between May 2019 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 30.7% inflationary increase is applied to the most recent sale price for 7 RIBSTON CLOSE of £164,000 on 15th May 2019. For the value to have increased from £164,000 to £214,334 over the five years and nine months to August 2025, the following assumptions must hold true:

• The value of 7 RIBSTON CLOSE has moved in line with the HPI for terraced houses in the Cherwell local authority area.
• The May 2019 sale price of £164,000 represented a fair market value for the property.
• The size, condition, and specification of 7 RIBSTON CLOSE has not materially changed since May 2019.

How Large is 7 RIBSTON CLOSE?

7 RIBSTON CLOSE is 55m² according to the EPC inspection conducted in May 2014. 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 7 RIBSTON CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 7 RIBSTON CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Banbury.

7 RIBSTON CLOSE: Plot and Title Map

7 RIBSTON CLOSE sits on a plot of roughly 0.030 of an acre, or 123m². The below map shows the location of 7 RIBSTON 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 7 RIBSTON 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 7 RIBSTON CLOSE?

7 RIBSTON CLOSE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 7 on RIBSTON CLOSE.