1, ELM CLOSE, BICESTER, OX26 3XR - £285,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 ELM CLOSE is a very small detached house of 64m², built sometime between 1983 and 1990. It was last sold for £285,000 in September 2017, which was around 41% below the average September 2017 detached price in the Cherwell local authority area. The most recent EPC inspection was September 2009, where the current energy rating was D, and the potential energy rating was C.

1 ELM CLOSE Sold Prices

Land registry data shows five sales for 1 ELM CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. All of the five 1 ELM CLOSE 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
2017 15 SEP	£285,000	£481,307	41% below HPI
2017 23 JUN	£295,000	£476,287	38% below HPI
2010 5 JUL	£196,000	£346,896	43% below HPI
2001 17 AUG	£127,000	£208,652	39% below HPI
1996 22 MAR	£65,000	£101,908	36% below HPI

1 ELM CLOSE 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 five 1 ELM CLOSE sales between March 1996 and September 2017 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 June 2017 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the September 2017 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 1 ELM CLOSE?

1 ELM CLOSE is 64m² according to the EPC inspection conducted in September 2009. This puts it in the smallest 10% of detached houses in Bicester, based on EPC data. The below chart shows the distribution of detached houses by size in Bicester, and where 1 ELM CLOSE lies on this distribution: 3% of detached houses are smaller than 1 ELM CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Bicester.

1 ELM CLOSE: Plot and Title Map

1 ELM CLOSE sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 1 ELM CLOSE, 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 1 ELM CLOSE). 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 1 ELM CLOSE?

1 ELM CLOSE is located in BICESTER, in the OX26 postcode district. The below map shows the position of No. 1 on ELM CLOSE.