112, SPRUCE DRIVE, BICESTER, OX26 3YW - £185,000

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.

112 SPRUCE DRIVE is a very small extended terraced house of 41m², built sometime between 1991 and 1995, which could now be worth an estimated £224,481. It was last sold for £185,000 in March 2016, which was around 20% below the average March 2016 terraced price in the Cherwell local authority area. The most recent EPC inspection was February 2016, where the current energy rating was E, and the potential energy rating was B.

112 SPRUCE DRIVE Sold Prices

Land registry data shows four sales for 112 SPRUCE DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Cherwell local authority area for the corresponding sale date. All of the four 112 SPRUCE DRIVE 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
2016 10 MAR	£185,000	£229,967	20% below HPI
2015 7 DEC	£135,000	£227,470	41% below HPI
1998 28 OCT	£43,500	£66,471	35% below HPI
1996 4 APR	£39,000	£48,657	20% below HPI

112 SPRUCE DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Cherwell local authority area over time, sourced from the HPI. The four 112 SPRUCE DRIVE sales between April 1996 and March 2016 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 2015 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the March 2016 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 112 SPRUCE DRIVE be worth now?

112 SPRUCE DRIVE might now be worth an estimated £224,481.

This is based on house price inflation of 21.3%, between March 2016 and June 2025, for terraced 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 21.3% inflationary increase is applied to the most recent sale price for 112 SPRUCE DRIVE of £185,000 on 10th March 2016. For the value to have increased from £185,000 to £224,481 over the eight years and nine months to June 2025, the following assumptions must hold true:

• The value of 112 SPRUCE DRIVE has moved in line with the HPI for terraced houses in the Cherwell local authority area.
• The March 2016 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 112 SPRUCE DRIVE has not materially changed since March 2016.

How Large is 112 SPRUCE DRIVE?

112 SPRUCE DRIVE is 41m², which includes one extension, according to the EPC inspection conducted in February 2016. This puts it in the smallest 10% of terraced houses houses in Bicester, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Bicester, and where 112 SPRUCE DRIVE lies on this distribution: Less than 1% of terraced houses houses are smaller than 112 SPRUCE DRIVE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Bicester.

112 SPRUCE DRIVE: Plot and Title Map

112 SPRUCE DRIVE sits on a plot of roughly 0.014 of an acre, or 56m². The below map shows the location of 112 SPRUCE DRIVE, 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 112 SPRUCE DRIVE). 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 112 SPRUCE DRIVE?

112 SPRUCE DRIVE is located in BICESTER, in the OX26 postcode district. The below map shows the position of No. 112 on SPRUCE DRIVE.