3, Reid Close
3, Reid Close
Description & Estimates
Public records show 3, Reid Close, Banbury to be a mid-century freehold house with 807 ft2 of internal area, sitting on a 203 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
3, Reid Close, Banbury has an estimated sale value of £255,694 and an estimated rental value of £1,269 per month, assuming reasonable condition and based on the information available.
Reid Close, Banbury, OX16 lies in the borough of Cherwell, within the OX16 postal district.
Our Data Sources
3, Reid Close, Banbury has a single entry in the Land Registry from April 2018 and a single entry in the EPC database dated December 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate 3, Reid Close, Banbury would be worth £268,479, with a potential rental value of £1,332 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £237,795, with a rental value of £1,180 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 3, Reid Close, Banbury has dropped by £3,503 (1.4%) over the last year. During the same period, its estimated monthly rental value has risen by £39 (3.1%). The property's estimated gross yield is currently 6.0%.
Plot Size
3, Reid Close, Banbury occupies a 203 m2 plot as recorded by HM Land Registry.
Of the 19 other houses in this postcode, 18 have recorded plot sizes, and this one ranks as the 10th largest.
Energy Efficiency
3, Reid Close, Banbury has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Dec 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
3, Reid Close, Banbury last changed hands on 23rd April 2018, selling for £195,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 21.5% since April 2018.
- Sold Apr 2018£195,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 480 metres of 3, Reid Close, Banbury across the last 2 years.
Most recently, 8, Reid Close, Banbury, OX16 0SZ, a freehold house, sold at £265,000 on the 20th December 2024.
Read more about house prices in OX16.
- Sold Dec 2024£265,000 | 3 Bed House8, Reid Close, Banbury, OX16 0SZ8, Reid Close, Banbury, OX16 0SZ
- Sold Jun 2023£310,000 | 3 Bed House10, Reid Close, Banbury, OX16 0SZ10, Reid Close, Banbury, OX16 0SZ
- Sold Dec 2021£250,000 | 3 Bed House13, Reid Close, Banbury, OX16 0SZ13, Reid Close, Banbury, OX16 0SZ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks 3, Reid Close, Banbury as the 18th largest and the 18th most expensive of the 19 addresses on Reid Close, Banbury, OX16.
Against the OX16 postcode district average, it is £30k less expensive than the typical property.
More reading links
Schools Nearby
- 600mSt Mary's Church of England Primary School, Banbury
- 700mHill View Primary School
- 800mOrchard Fields Community School
- 1.6kmFutures Institute Banbury
- 1.6kmNorth Oxfordshire Academy
- 1.7kmWykham Park
More reading links
Public Transport Nearby
Banbury station is the nearest stop to 3, Reid Close, Banbury at 1.4 kilometres away.
- 1.4kmBanbury
- 6.6kmKings Sutton
- 16.5kmHeyford
Available Internet Speeds
Ofcom's latest figures show poor internet coverage in this area, which may mean weak or no connectivity.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
