12, MARTIN CLOSE, BICESTER, OX26 6XA - £425,000

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

12 MARTIN CLOSE is a very small extended detached house of 86m², built sometime between 1996 and 2002. It was last sold for £425,000 in May 2024, which was around 26% 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	£577,202	26% below HPI
2009 31 JUL	£250,000	£308,359	19% below HPI
2007 9 FEB	£245,000	£333,013	26% below HPI
1999 11 JUN	£124,000	£151,813	18% below HPI
1995 26 MAY	£74,995	£98,205	24% 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 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the May 2024 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

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 in Bicester, based on EPC data. The below chart shows the distribution of detached houses by size in Bicester, and where 12 MARTIN CLOSE lies on this distribution: 17% of detached 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.