2, Heritage Close
2, Heritage Close
Description & Estimates
2, Heritage Close, Banbury is recorded publicly as a modern freehold house across 1,270 ft2 of internal area, sitting on a 286 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 2, Heritage Close, Banbury is £506,399 and its rental estimate is £1,895 per month, given the available information and assuming reasonable condition.
Heritage Close, Hook Norton, Banbury, OX15 falls within the OX15 postal district, in the borough of Cherwell.
Our Data Sources
2, Heritage Close, Banbury has a single entry in the Land Registry from October 2020 and a single entry in the EPC database dated November 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 2, Heritage Close, Banbury, we estimate a market value of £531,719 and a rental value of £1,990 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £470,951 and £1,762 per month respectively.
Recent Market Change
Over the last year, 2, Heritage Close, Banbury has seen its estimated sale value drop by £7,899 (1.6%) and its estimated rental value rise by £45 per month (2.4%). This results in an estimated gross rental yield of 4.5%.
Plot Size
HM Land Registry records the plot of land for 2, Heritage Close, Banbury as measuring 286 m2.
That makes it the 8th largest plot in the postcode, where all 8 other houses have recorded plot data.
Energy Efficiency
2, Heritage Close, Banbury has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 18 Nov 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 2, Heritage Close, Banbury completed on 21st October 2020 at £425,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 21.2% over the period since October 2020.
- Sold Oct 2020£425,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 2, Heritage Close, Banbury have sold within a radius of 4.4 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 28th May 2021, was 1, Simmons Way, Banbury, OX15 5FT, a freehold house which sold for £395,000.
Read more about house prices in OX15.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 8 addresses on Heritage Close, Hook Norton, Banbury, OX15, 2, Heritage Close, Banbury comes out as the 8th largest and the 7th most expensive in our analysis of the public data.
It is also £11k more expensive than the average property across the OX15 district.
More reading links
Schools Nearby
- 200mHook Norton Church of England Primary School
- 3.8kmGreat Rollright Church of England (Aided) Primary School
- 4.0kmSibford Gower Endowed Primary School
- 8.3kmThe Warriner School
- 8.4kmChipping Norton School
- 10.8kmWykham Park
More reading links
Public Transport Nearby
From 2, Heritage Close, Banbury, the nearest station is Banbury, 12.3 kilometres away.
- 12.3kmBanbury
- 13.9kmKings Sutton
- 14.4kmCharlbury
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
