15, ELM CLOSE, BICESTER, OX26 3XR - £295,000

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

15 ELM CLOSE is a very small detached house of 80m², built sometime between 1976 and 1982. It was last sold for £295,000 in December 2015, which was around 35% below the average December 2015 detached price in the Cherwell local authority area. The most recent EPC inspection was June 2014, where the current energy rating was C, and the potential energy rating was B.

15 ELM CLOSE Sold Prices

Land registry data shows two sales for 15 ELM CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. Both of the two 15 ELM 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
2015 7 DEC	£295,000	£456,112	35% below HPI
1995 16 JUN	£72,950	£98,346	26% below HPI

15 ELM 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 two 15 ELM CLOSE sales from June 1995 and December 2015 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 June 1995 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the December 2015 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 15 ELM CLOSE?

15 ELM CLOSE is 80m² according to the EPC inspection conducted in June 2014. 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 15 ELM CLOSE lies on this distribution: 10% of detached houses are smaller than 15 ELM CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Bicester.

15 ELM CLOSE: Plot and Title Map

15 ELM CLOSE sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 15 ELM 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 15 ELM 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 15 ELM CLOSE?

15 ELM CLOSE is located in BICESTER, in the OX26 postcode district. The below map shows the position of No. 15 on ELM CLOSE.