1, SEVERN CLOSE, BICESTER, OX26 2NN - £317,500

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 SEVERN CLOSE is a very large extended detached house of 162m², built sometime between 1976 and 1982. It was last sold for £317,500 in October 2012, which was around 11% below the average October 2012 detached price in the Cherwell local authority area. The most recent EPC inspection was November 2013, where the current energy rating was C, and the potential energy rating was B.

1 SEVERN CLOSE Sold Prices

Land registry data shows three sales for 1 SEVERN 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 SEVERN 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
2012 12 OCT	£317,500	£355,024	11% below HPI
2007 27 NOV	£275,000	£363,840	24% below HPI
2001 28 NOV	£148,000	£215,284	31% below HPI

1 SEVERN 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 SEVERN CLOSE sales between November 2001 and October 2012 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 November 2007 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the October 2012 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 1 SEVERN CLOSE?

1 SEVERN CLOSE is 162m², which includes two extensions, according to the EPC inspection conducted in November 2013. This puts it in the largest 20% 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 SEVERN CLOSE lies on this distribution: 87% of detached houses are smaller than 1 SEVERN CLOSE, and 13% of houses are larger. Note that EPC data is not available for all properties in Bicester.

1 SEVERN CLOSE: Plot and Title Map

1 SEVERN CLOSE sits on a plot of roughly 0.126 of an acre, or 511m². The below map shows the location of 1 SEVERN 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 SEVERN 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 SEVERN CLOSE?

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