9, TEAL CLOSE, BANBURY, OX16 9UU - £207,000

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.

9 TEAL CLOSE is a very small semi-detached house of 82m², built sometime between 1976 and 1982, which could now be worth an estimated £242,391. It was last sold for £207,000 in July 2020, which was around 28% below the average July 2020 semi-detached price in the Cherwell local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

9 TEAL CLOSE Sold Prices

Land registry data shows five sales for 9 TEAL CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Cherwell local authority area for the corresponding sale date. All of the five 9 TEAL 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 23 JUL	£207,000	£289,376	28% below HPI
2013 29 NOV	£175,000	£223,485	22% below HPI
2005 25 FEB	£146,000	£176,569	17% below HPI
2003 20 JUN	£136,000	£161,561	16% below HPI
1995 28 APR	£45,000	£56,901	21% below HPI

9 TEAL CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cherwell local authority area over time, sourced from the HPI. The five 9 TEAL CLOSE sales between April 1995 and July 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 November 2013 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the July 2020 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 9 TEAL CLOSE be worth now?

9 TEAL CLOSE might now be worth an estimated £242,391.

This is based on house price inflation of 17.1%, between July 2020 and July 2025, for semi-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 17.1% inflationary increase is applied to the most recent sale price for 9 TEAL CLOSE of £207,000 on 23rd July 2020. For the value to have increased from £207,000 to £242,391 over the five years to July 2025, the following assumptions must hold true:

• The value of 9 TEAL CLOSE has moved in line with the HPI for semi-detached houses in the Cherwell local authority area.
• The July 2020 sale price of £207,000 represented a fair market value for the property.
• The size, condition, and specification of 9 TEAL CLOSE has not materially changed since July 2020.

How Large is 9 TEAL CLOSE?

9 TEAL CLOSE is 82m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 20% of semi-detached houses houses in Banbury, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Banbury, and where 9 TEAL CLOSE lies on this distribution: 13% of semi-detached houses houses are smaller than 9 TEAL CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Banbury.

9 TEAL CLOSE: Plot and Title Map

9 TEAL CLOSE sits on a plot of roughly 0.028 of an acre, or 114m². The below map shows the location of 9 TEAL 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 9 TEAL 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 9 TEAL CLOSE?

9 TEAL CLOSE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 9 on TEAL CLOSE.