12, MARTIN CLOSE, BICESTER, OX26 6XA - £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.

12 MARTIN CLOSE is a very small extended detached house of 86m², built sometime between 1996 and 2002, which could now be worth an estimated £442,846. It was last sold for £425,000 in May 2024, which was around 22% below the average May 2024 detached price in the Cherwell local authority area. The most recent EPC inspection was March 2024, where the current energy rating was C, and the potential energy rating was B.

12 MARTIN CLOSE Sold Prices

Land registry data shows five sales for 12 MARTIN 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 12 MARTIN 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
2024 24 MAY	£425,000	£546,118	22% below HPI
2009 31 JUL	£250,000	£303,880	18% below HPI
2007 9 FEB	£245,000	£328,175	25% below HPI
1999 11 JUN	£124,000	£149,608	17% below HPI
1995 26 MAY	£74,995	£96,779	23% below HPI

12 MARTIN 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 12 MARTIN CLOSE sales between May 1995 and May 2024 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 July 2009 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the May 2024 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 12 MARTIN CLOSE be worth now?

12 MARTIN CLOSE might now be worth an estimated £442,846.

This is based on house price inflation of 4.2%, between May 2024 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 4.2% inflationary increase is applied to the most recent sale price for 12 MARTIN CLOSE of £425,000 on 24th May 2024. For the value to have increased from £425,000 to £442,846 over the one year and three months to February 2025, the following assumptions must hold true:

• The value of 12 MARTIN CLOSE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The May 2024 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 12 MARTIN CLOSE has not materially changed since May 2024.

How Large is 12 MARTIN CLOSE?

12 MARTIN CLOSE is 86m², which includes one extension, according to the EPC inspection conducted in March 2024. 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 12 MARTIN CLOSE lies on this distribution: 16% of detached houses houses are smaller than 12 MARTIN CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Bicester.

12 MARTIN CLOSE: Plot and Title Map

12 MARTIN CLOSE sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 12 MARTIN 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 MARTIN 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 MARTIN CLOSE?

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