NEW LODGE, THE PARADE, CAVERSFIELD, BICESTER, OX27 8AD - £530,000

NEW LODGE is a midsized detached house of 123m². It was last sold for £530,000 in February 2023, which was around 7% below the average February 2023 detached price in the Cherwell local authority area. The most recent EPC inspection was March 2014, where the current energy rating was B, and the potential energy rating was B.

NEW LODGE Sold Prices

Land registry data shows two sales for NEW LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. Both of the two NEW LODGE 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
2023 2 FEB	£530,000	£571,432	7% below HPI
2014 22 JUL	£387,000	£396,930	3% below HPI

NEW LODGE 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 two NEW LODGE sales from July 2014 and February 2023 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 July 2014 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the February 2023 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is NEW LODGE?

NEW LODGE is 123m² according to the EPC inspection conducted in March 2014. This puts it in the largest 50% of detached houses in Bicester, based on EPC data. The below chart shows the distribution of detached houses by size in Bicester, and where NEW LODGE lies on this distribution: 57% of detached houses are smaller than NEW LODGE, and 42% of houses are larger. Note that EPC data is not available for all properties in Bicester.

NEW LODGE: Plot and Title Map

NEW LODGE sits on a plot of roughly 22.1 acres, or 89,439m². The below map shows the location of NEW LODGE, 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 LODGE). 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 LODGE?

NEW LODGE is located on THE PARADE in CAVERSFIELD, in the OX27 postcode district. The below map shows the position of NEW LODGE on THE PARADE.