7, Reid Close
7, Reid Close
Description & Estimates
According to the public record, 7, Reid Close, Banbury is a modern freehold house with 807 ft2 of internal area and sits on a 191 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 7, Reid Close, Banbury is £255,694 and the estimated rental value is £1,269 per month.
Reid Close, Banbury, OX16 is located in the borough of Cherwell within the OX16 postal district.
Our Data Sources
7, Reid Close, Banbury has a single entry in the Land Registry from February 2020 and a single entry in the EPC database dated March 2019.
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
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 7, Reid Close, Banbury is in very good condition we estimate a sale value of £268,479 and a rental value of £1,332 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £237,795 and a rental value of £1,180 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 7, Reid Close, Banbury has decreased by £3,503 (1.4%), while its estimated rental value has grown by £39 per month (3.1%). Based on current estimates, the property offers a gross rental yield of 6.0%.
Plot Size
According to data from HM Land Registry, 7, Reid Close, Banbury sits on a plot of 191 m2.
We have plot size data on 18 out of 19 other houses in the postcode and 7, Reid Close, Banbury sits on the 13th largest plot.
Energy Efficiency
7, Reid Close, Banbury has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Mar 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 7, Reid Close, Banbury was last sold on 28th February 2020 for £191,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since February 2020, the market for similar properties has risen by 27.7%.
- Sold Feb 2020£191,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Reid Close, Banbury within a radius of 480 metres over the last 2 years.
The most recent example is 8, Reid Close, Banbury, OX16 0SZ, a freehold house which sold for £265,000 on the 20th December 2024.
Read more about house prices in OX16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Reid Close, Banbury, OX16 has a total of 19 addresses. According to our analysis of all the public data, 7, Reid Close, Banbury is the 17th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £30k less expensive than the average property in OX16.
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
The closest station to 7, Reid Close, Banbury is Banbury station, which is 1.4 kilometres away.
- 1.4kmBanbury
- 6.6kmKings Sutton
- 16.5kmHeyford
Available Internet Speeds
According to recent data from Ofcom, there is poor internet coverage in this area which may result in poor or no internet connectivity.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
