1, MACKENZIE CLOSE, BICESTER, OX26 2XZ - £425,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 MACKENZIE CLOSE is a very small detached house of 82m², built sometime between 1967 and 1975, which could now be worth an estimated £489,066. It was last sold for £425,000 in June 2021, which was around 14% below the average June 2021 detached price in the Cherwell local authority area. The most recent EPC inspection was February 2021, where the current energy rating was C, and the potential energy rating was B.

1 MACKENZIE CLOSE Sold Prices

Land registry data shows three sales for 1 MACKENZIE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. All of the three 1 MACKENZIE 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
2021 14 JUN	£425,000	£494,506	14% below HPI
2006 5 DEC	£275,000	£328,341	16% below HPI
1999 4 AUG	£131,500	£155,369	15% below HPI

1 MACKENZIE 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 three 1 MACKENZIE CLOSE sales between August 1999 and June 2021 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 December 2006 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the June 2021 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 1 MACKENZIE CLOSE be worth now?

1 MACKENZIE CLOSE might now be worth an estimated £489,066.

This is based on house price inflation of 15.1%, between June 2021 and February 2025, for detached houses, in the Cherwell local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.1% inflationary increase is applied to the most recent sale price for 1 MACKENZIE CLOSE of £425,000 on 14th June 2021. For the value to have increased from £425,000 to £489,066 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 1 MACKENZIE CLOSE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The June 2021 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MACKENZIE CLOSE has not materially changed since June 2021.

How Large is 1 MACKENZIE CLOSE?

1 MACKENZIE CLOSE is 82m² according to the EPC inspection conducted in February 2021. This puts it in the smallest 20% of detached houses houses in Bicester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bicester, and where 1 MACKENZIE CLOSE lies on this distribution: 12% of detached houses houses are smaller than 1 MACKENZIE CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Bicester.

1 MACKENZIE CLOSE: Plot and Title Map

1 MACKENZIE CLOSE sits on a plot of roughly 0.173 of an acre, or 700m². The below map shows the location of 1 MACKENZIE 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 MACKENZIE 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 MACKENZIE CLOSE?

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