Sold STC Terraced

8 REID CLOSE

BANBURY, OXFORDSHIRE OX16 0SZ

3 beds 1 baths 75 m² Listed 24 Sep 2024 (-638d)

£270,000

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# 3 bedroom terraced house for sale (OX16 0SZ)

## Property Details

| Key | Value |
|-----|-------|
| Address | 8 REID CLOSE, BANBURY, OXFORDSHIRE OX16 0SZ |
| Price | £270,000 |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Council tax | B |
| Last sold | £265,000 Dec 2024 |

## Description

Entrance hall / Living/dining room / Kitchen / Three bedrooms / Shower Room / Garage / Driveway / Rear Garden

A three bedroom terraced house enjoying a cul-de-sac location within walking distance of many amenities including a primary school, town centre and peoples’ park.

Ground Floor

Front door leads to entrance hall.

Entrance Hall: Stairs rising off the first floor, storage cupboard, door to kitchen.

Kitchen: Comprises of a range of light wood fronted base units, tiling splash back areas, ample work surfaces.  Free space for plumbing and washing machine.  Space for cooker and fridge/freezer.  Pantry style cupboard.  Window to front aspect.

From the hallway, door through to kitchen/diner.

Living Room: Fireplace with inset living flame electric fire.  Windows to rear.  Doors giving access to rear.

First Floor

Landing: Access to loft

Bedroom one:  Double bedroom to rear aspect with fitted wardrobe.

Bedroom two: Double bedroom to rear aspect with recess wardrobe.

Bedroom three: Double bedroom to front aspect.

Cupboard:  Housing a boiler.  A glow worm combination boiler for domestic water and heating. A further recess cupboard.

Double glazing throughout  Gas central heating throughout.

Shower Room:  A fully tiled shower cubicle.  Pedestal hand basin, lower level WC and extractor.

Outside

Rear garden is enclosed by fencing.  Predominantly laid to lawn.  Shrubs and bushes.  Garden is approximately 25 ft in length.

Front:  is open plan. Area laid to lawn, concrete driveway for one vehicle leading to garage.

Garage is a semi-integral garage with electric up and open door.  Door to hallway.  Light and power connected.

## Property Photos

- ![Photo](/listings/photos/152852999/445058)
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- ![Photo](/listings/photos/152852999/445067)
- ![Photo](/listings/photos/152852999/445068)
- ![Photo](/listings/photos/152852999/445069)

## Floorplans

- ![Floorplan 1](/listings/photos/152852999/445071) - Floorplan 1

## EPC Graphs

- ![EPC 1](/listings/photos/152852999/445074) - EPC 1

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 8 REID CLOSE, BANBURY, CHERWELL, OXFORDSHIRE, OX16 0SZ | £265,000 | 20/12/2024 | Terraced |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 72 PARKLANDS, BANBURY, CHERWELL, OXFORDSHIRE, OX16 2SZ | £245,000 | 24/11/2025 | Terraced |
| 158 WARWICK ROAD, BANBURY, CHERWELL, OXFORDSHIRE, OX16 2AP | £285,000 | 19/02/2025 | Terraced |
| 66 KINGS ROAD, BANBURY, CHERWELL, OXFORDSHIRE, OX16 0DJ | £260,000 | 01/12/2023 | Terraced |
| 131 WARWICK ROAD, BANBURY, CHERWELL, OXFORDSHIRE, OX16 2AR | £280,000 | 30/06/2023 | Terraced |
| [Same street] 2 REID CLOSE, BANBURY, CHERWELL, OXFORDSHIRE, OX16 0SZ | £246,000 | 23/06/2023 | Terraced |
| [Same street] 10 REID CLOSE, BANBURY, CHERWELL, OXFORDSHIRE, OX16 0SZ | £310,000 | 16/06/2023 | Semi-detached |
| 136 WARWICK ROAD, BANBURY, CHERWELL, OXFORDSHIRE, OX16 2AP | £307,500 | 19/01/2023 | Terraced |
| 142 WARWICK ROAD, BANBURY, CHERWELL, OXFORDSHIRE, OX16 2AP | £254,000 | 28/10/2022 | Terraced |
| 146 WARWICK ROAD, BANBURY, CHERWELL, OXFORDSHIRE, OX16 2AP | £232,500 | 27/09/2022 | Terraced |
| 133 WARWICK ROAD, BANBURY, CHERWELL, OXFORDSHIRE, OX16 2AR | £227,500 | 26/09/2022 | Terraced |
| 162 WARWICK ROAD, BANBURY, CHERWELL, OXFORDSHIRE, OX16 2AP | £350,000 | 31/08/2022 | Terraced |
| 18 MILLWRIGHT CLOSE, BANBURY, CHERWELL, OXFORDSHIRE, OX16 0RU | £240,000 | 30/08/2022 | Terraced |
| 2 BOXHEDGE TERRACE, BANBURY, CHERWELL, OXFORDSHIRE, OX16 0BX | £226,000 | 27/07/2022 | Terraced |
| 24 HILTON ROAD, BANBURY, CHERWELL, OXFORDSHIRE, OX16 0EJ | £200,000 | 20/05/2022 | Terraced |
| 3 NEITHROP CLOSE, BANBURY, CHERWELL, OXFORDSHIRE, OX16 2NU | £310,000 | 25/03/2022 | Terraced |
| [Same street] 13 REID CLOSE, BANBURY, CHERWELL, OXFORDSHIRE, OX16 0SZ | £250,000 | 10/12/2021 | Terraced |
| 8 BATH ROAD, BANBURY, CHERWELL, OXFORDSHIRE, OX16 0TW | £365,000 | 12/10/2021 | Terraced |
| 25 ORCHARD WAY, BANBURY, CHERWELL, OXFORDSHIRE, OX16 0HP | £200,000 | 20/09/2021 | Terraced |
| 72 KINGS ROAD, BANBURY, CHERWELL, OXFORDSHIRE, OX16 0DJ | £195,968 | 27/08/2021 | Terraced |
| 3 BOXHEDGE TERRACE, BANBURY, CHERWELL, OXFORDSHIRE, OX16 0BX | £212,000 | 02/08/2021 | Terraced |

**Street average:** £268,667 (3 sales)
**Area average:** £258,263 (17 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £241,273 (53 Terraced, OX16, 2024–2026)
- **Deviation:** +11.9%

## Rental Range

*ONS Price Index of Private Rents (Cherwell). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,160/mo
- **Realistic:** £1,289/mo
- **Optimistic:** £1,418/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Cherwell Valley (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £1,182/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 3 Bed Terraced House, Foundry St, OX16 | £625/mo | 3 | 0.2 miles | OpenRent |

**Average rent: £625/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.23% (weak for cashflow)
- **Max investor price (0.8%):** £78,125
- **Target investor price (1%):** £62,500

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £625/mo).*

- **Gross yield:** 2.8%
- **Cost-to-rent:** 36×
- **Monthly cashflow:** £-526/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -8.1%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 5.8%
- **10y growth:** 0.7%

## House Price Index (HM Land Registry)

*Official index for Cherwell; Terraced series; as of March 2026.*

- **1y growth (index):** 1.7%
- **5y growth (index):** 17.5%
- **10y growth (index):** 26%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

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Property details

Tenure

FREEHOLD

Floor area

75 m²

Council tax band

Last sold

£265,000 Dec 2024

Local average

£241,273 (+11.9%)

Deprivation

Decile 5 (15,590 of 33,755)

Street crime

351 incidents within 1 mile (Apr 2026)

Key features

Cul de sac location
Three double bedrooms
Gas radiator heating
No onward chain
Requires updating
Nearby amenities

Additional details

Electricity: Mains supply
Heating: Double glazing, Gas central
Parking: Garage, Driveway
Garden: Private garden

Description

A terraced house providing generous sized accommodation throughout offered with no onward chain. The accommodation comprises a hallway, kitchen, living/dining room, three first floor bedrooms, shower room, garage and driveway to front. Gardens to front and rear. Gas radiator heating and UPVC double glazing.
Entrance hall / Living/dining room / Kitchen / Three bedrooms / Shower Room / Garage / Driveway / Rear Garden
A three bedroom terraced house enjoying a cul-de-sac location within walking distance of many amenities including a primary school, town centre and peoples’ park.
Ground Floor
Front door leads to entrance hall.
Entrance Hall: Stairs rising off the first floor, storage cupboard, door to kitchen.
Kitchen: Comprises of a range of light wood fronted base units, tiling splash back areas, ample work surfaces. Free space for plumbing and washing machine. Space for cooker and fridge/freezer. Pantry style cupboard. Window to front aspect.
From the hallway, door through to kitchen/diner.
Living Room: Fireplace with inset living flame electric fire. Windows to rear. Doors giving access to rear.
First Floor
Landing: Access to loft
Bedroom one: Double bedroom to rear aspect with fitted wardrobe.
Bedroom two: Double bedroom to rear aspect with recess wardrobe.
Bedroom three: Double bedroom to front aspect.
Cupboard: Housing a boiler. A glow worm combination boiler for domestic water and heating. A further recess cupboard.
Double glazing throughout Gas central heating throughout.
Shower Room: A fully tiled shower cubicle. Pedestal hand basin, lower level WC and extractor.
Outside
Rear garden is enclosed by fencing. Predominantly laid to lawn. Shrubs and bushes. Garden is approximately 25 ft in length.
Front: is open plan. Area laid to lawn, concrete driveway for one vehicle leading to garage.
Garage is a semi-integral garage with electric up and open door. Door to hallway. Light and power connected.

Listed by

Banbury

Stanbra Powell

Reference: 152852999

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

EPC Graphs

EPC 1

Price history

Event	Date	Price	% change
Sold	20/12/2024 (1 year ago)	£265,000	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
72 PARKLANDS, BANBURY, CHERWELL, OXFORDSHIRE, OX16 2SZ	£245,000	24/11/2025	Terraced
158 WARWICK ROAD, BANBURY, CHERWELL, OXFORDSHIRE, OX16 2AP	£285,000	19/02/2025	Terraced
66 KINGS ROAD, BANBURY, CHERWELL, OXFORDSHIRE, OX16 0DJ	£260,000	01/12/2023	Terraced
131 WARWICK ROAD, BANBURY, CHERWELL, OXFORDSHIRE, OX16 2AR	£280,000	30/06/2023	Terraced
Same street 2 REID CLOSE, BANBURY, CHERWELL, OXFORDSHIRE, OX16 0SZ	£246,000	23/06/2023	Terraced
Same street 10 REID CLOSE, BANBURY, CHERWELL, OXFORDSHIRE, OX16 0SZ	£310,000	16/06/2023	Semi-detached
136 WARWICK ROAD, BANBURY, CHERWELL, OXFORDSHIRE, OX16 2AP	£307,500	19/01/2023	Terraced
142 WARWICK ROAD, BANBURY, CHERWELL, OXFORDSHIRE, OX16 2AP	£254,000	28/10/2022	Terraced
146 WARWICK ROAD, BANBURY, CHERWELL, OXFORDSHIRE, OX16 2AP	£232,500	27/09/2022	Terraced
133 WARWICK ROAD, BANBURY, CHERWELL, OXFORDSHIRE, OX16 2AR	£227,500	26/09/2022	Terraced
162 WARWICK ROAD, BANBURY, CHERWELL, OXFORDSHIRE, OX16 2AP	£350,000	31/08/2022	Terraced
18 MILLWRIGHT CLOSE, BANBURY, CHERWELL, OXFORDSHIRE, OX16 0RU	£240,000	30/08/2022	Terraced
2 BOXHEDGE TERRACE, BANBURY, CHERWELL, OXFORDSHIRE, OX16 0BX	£226,000	27/07/2022	Terraced
24 HILTON ROAD, BANBURY, CHERWELL, OXFORDSHIRE, OX16 0EJ	£200,000	20/05/2022	Terraced
3 NEITHROP CLOSE, BANBURY, CHERWELL, OXFORDSHIRE, OX16 2NU	£310,000	25/03/2022	Terraced
Same street 13 REID CLOSE, BANBURY, CHERWELL, OXFORDSHIRE, OX16 0SZ	£250,000	10/12/2021	Terraced
8 BATH ROAD, BANBURY, CHERWELL, OXFORDSHIRE, OX16 0TW	£365,000	12/10/2021	Terraced
25 ORCHARD WAY, BANBURY, CHERWELL, OXFORDSHIRE, OX16 0HP	£200,000	20/09/2021	Terraced
72 KINGS ROAD, BANBURY, CHERWELL, OXFORDSHIRE, OX16 0DJ	£195,968	27/08/2021	Terraced
3 BOXHEDGE TERRACE, BANBURY, CHERWELL, OXFORDSHIRE, OX16 0BX	£212,000	02/08/2021	Terraced

Street average: £268,667 (3 sales)

Area average: £258,263 (17 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 5.8%

10y growth 0.7%

House Price Index (HM Land Registry — official index, not sold-price averages): Cherwell. Series: Terraced. As of March 2026.

1y (index) 1.7%

5y (index) 17.5%

10y (index) 26%

Rental Range

Estimated market rent for Cherwell. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,160/mo

Realistic £1,289/mo

Optimistic £1,418/mo

Based on Local Authority from postcode lookup → Cherwell.

LHA (30th percentile) floor for Cherwell Valley: £1,182/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View OX16 0SZ

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Shop	JC Road & Race	0.1 miles
Bus stop	Hilton Road	0.1 miles
Bus stop	Union Street	0.1 miles
Shop	Hairways Barbers	0.1 miles
Hospital	The Horton General Hospital	0.9 miles
Train station	Banbury	0.9 miles
Hospital	Horton Midwifery-led Unit	1.0 miles
Train station	King's Sutton	4.1 miles

Street-level crime

Category	Count
Violence and sexual offences	142
Anti-social behaviour	56
Shoplifting	52
Public order	25
Other theft	23
Criminal damage and arson	19
Drugs	8
Burglary	7
Robbery	6
Vehicle crime	4
Bicycle theft	3
Other crime	3
Theft from the person	2
Possession of weapons	1
Total incidents	351

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
St Mary's Church of England Primary School, Banbury	Primary	0.4 miles	Good — 5 May 2022
Hill View Primary School	Primary	0.4 miles	Good — 9 Mar 2022
Frank Wise School	Other	0.5 miles	Outstanding — 26 Mar 2015
Orchard Fields Community School	Primary	0.5 miles	Good — 14 Mar 2019
St Joseph's Catholic Primary School, Banbury	Primary	0.6 miles	Requires improvement — 7 Mar 2023

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title	Rent	Beds	Distance	As seen on
3 Bed Terraced House, Foundry St, OX16	£625/mo	3	0.2 miles	OpenRent

Average rent: £625/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.23%

Max investor price (0.8%) £78,125

Target investor price (1%) £62,500

Gross yield 2.8%

Cost-to-rent ratio 36×

Monthly cashflow £-526/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI -8.1%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).