13, MARGARET CLOSE, BICESTER, OX26 2DH - £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

13 MARGARET CLOSE is a very small detached house of 56m², built sometime between 1950 and 1966. It was last sold for £350,000 in February 2023, which was around 39% below the average February 2023 detached price in the Cherwell local authority area. The most recent EPC inspection was December 2022, where the current energy rating was D, and the potential energy rating was B.

13 MARGARET CLOSE Sold Prices

Land registry data shows three sales for 13 MARGARET 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. All of the three 13 MARGARET 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
2023 23 FEB	£350,000	£575,344	39% below HPI
2015 28 AUG	£309,950	£443,249	30% below HPI
2007 23 MAY	£240,000	£335,088	28% below HPI

13 MARGARET 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 13 MARGARET CLOSE sales between May 2007 and February 2023 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 August 2015 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the February 2023 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 13 MARGARET CLOSE?

13 MARGARET CLOSE is 56m² according to the EPC inspection conducted in December 2022. This puts it in the smallest 10% of detached houses in Bicester, based on EPC data. The below chart shows the distribution of detached houses by size in Bicester, and where 13 MARGARET CLOSE lies on this distribution: 1% of detached houses are smaller than 13 MARGARET CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Bicester.

13 MARGARET CLOSE: Plot and Title Map

13 MARGARET CLOSE sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of 13 MARGARET 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 13 MARGARET 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 13 MARGARET CLOSE?

13 MARGARET CLOSE is located in BICESTER, in the OX26 postcode district. The below map shows the position of No. 13 on MARGARET CLOSE.