12, OAK CLOSE, BICESTER, OX26 3XD - £350,000

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 OAK CLOSE is a midsized extended detached house of 112m², built sometime between 1983 and 1990. It was last sold for £350,000 in December 2020, which was around 30% below the average December 2020 detached price in the Cherwell local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

12 OAK CLOSE Sold Prices

Land registry data shows five sales for 12 OAK 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 OAK 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
2020 9 DEC	£350,000	£497,038	30% below HPI
2008 22 FEB	£240,000	£347,484	31% below HPI
2002 16 MAY	£160,000	£229,556	30% below HPI
2000 25 JUL	£135,000	£191,593	30% below HPI
1995 1 SEP	£73,000	£98,206	26% below HPI

12 OAK 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 OAK CLOSE sales between September 1995 and December 2020 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 February 2008 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the December 2020 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 12 OAK CLOSE?

12 OAK CLOSE is 112m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the smallest 50% 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 OAK CLOSE lies on this distribution: 45% of detached houses are smaller than 12 OAK CLOSE, and 54% of houses are larger. Note that EPC data is not available for all properties in Bicester.

12 OAK CLOSE: Plot and Title Map

12 OAK CLOSE sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 12 OAK 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 OAK 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 OAK CLOSE?

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