12, LODGE CLOSE, BICESTER, OX26 3TE - £412,000

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.

12 LODGE CLOSE is a midsized detached house of 114m², built sometime between 1991 and 1995, which could now be worth an estimated £491,389. It was last sold for £412,000 in November 2018, which was around 14% below the average November 2018 detached price in the Cherwell local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was C.

12 LODGE CLOSE Sold Prices

Land registry data shows three sales for 12 LODGE 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. One of the three 12 LODGE CLOSE sales was for below the average price, whilst two were for above 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
2018 23 NOV	£412,000	£477,114	14% below HPI
2007 24 SEP	£376,000	£358,209	5% above HPI
2001 24 AUG	£213,000	£205,621	4% above HPI

12 LODGE 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 12 LODGE CLOSE sales between August 2001 and November 2018 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 September 2007 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the November 2018 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 12 LODGE CLOSE be worth now?

12 LODGE CLOSE might now be worth an estimated £491,389.

This is based on house price inflation of 19.3%, between November 2018 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 19.3% inflationary increase is applied to the most recent sale price for 12 LODGE CLOSE of £412,000 on 23rd November 2018. For the value to have increased from £412,000 to £491,389 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 12 LODGE CLOSE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The November 2018 sale price of £412,000 represented a fair market value for the property.
• The size, condition, and specification of 12 LODGE CLOSE has not materially changed since November 2018.

How Large is 12 LODGE CLOSE?

12 LODGE CLOSE is 114m² according to the EPC inspection conducted in November 2017. This puts it in the smallest 50% 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 12 LODGE CLOSE lies on this distribution: 47% of detached houses houses are smaller than 12 LODGE CLOSE, and 52% of houses are larger. Note that EPC data is not available for all properties in Bicester.

12 LODGE CLOSE: Plot and Title Map

12 LODGE CLOSE sits on a plot of roughly 0.081 of an acre, or 329m². The below map shows the location of 12 LODGE 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 12 LODGE 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 12 LODGE CLOSE?

12 LODGE CLOSE is located in BICESTER, in the OX26 postcode district. The below map shows the position of No. 12 on LODGE CLOSE.