NEW COTTAGE, STATION ROAD, LAUNTON, BICESTER, OX26 5DS - £360,000

NEW COTTAGE is a very small extended detached house of 84m², built sometime between 1900 and 1929. It was last sold for £360,000 in March 2020, which was around 25% below the average March 2020 detached price in the Cherwell local authority area. The most recent EPC inspection was May 2019, where the current energy rating was F, and the potential energy rating was C.

NEW COTTAGE Sold Prices

Land registry data shows six sales for NEW COTTAGE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. All of the six NEW COTTAGE 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 31 MAR	£360,000	£480,892	25% below HPI
2013 23 OCT	£308,000	£371,727	17% below HPI
2010 26 AUG	£310,000	£347,888	11% below HPI
2004 28 JUN	£279,950	£289,349	3% below HPI
1999 13 OCT	£159,000	£165,895	4% below HPI
1998 17 JUL	£89,000	£141,819	37% below HPI

NEW COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cherwell local authority area over time, sourced from the HPI. The six NEW COTTAGE sales between July 1998 and March 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 October 2013 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the March 2020 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is NEW COTTAGE?

NEW COTTAGE is 84m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the smallest 20% of detached houses in Launton, based on EPC data. The below chart shows the distribution of detached houses by size in Launton, and where NEW COTTAGE lies on this distribution: 15% of detached houses are smaller than NEW COTTAGE, and 83% of houses are larger. Note that EPC data is not available for all properties in Launton.

NEW COTTAGE: Plot and Title Map

NEW COTTAGE sits on a plot of roughly 0.091 of an acre, or 370m². The below map shows the location of NEW COTTAGE, 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 NEW COTTAGE). 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 NEW COTTAGE?

NEW COTTAGE is located on STATION ROAD in LAUNTON, in the OX26 postcode district. The below map shows the position of NEW COTTAGE on STATION ROAD.