15, LODGE CLOSE, BICESTER, OX26 3TE - £355,000

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.

15 LODGE CLOSE is a very small extended detached house of 84m², built sometime between 1996 and 2002, which could now be worth an estimated £438,100. It was last sold for £355,000 in April 2019, which was around 23% below the average April 2019 detached price in the Cherwell local authority area. The most recent EPC inspection was September 2018, where the current energy rating was C, and the potential energy rating was B.

15 LODGE CLOSE Sold Prices

Land registry data shows four sales for 15 LODGE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. All of the four 15 LODGE 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
2019 18 APR	£355,000	£461,111	23% below HPI
2013 31 OCT	£245,000	£366,327	33% below HPI
2000 10 MAR	£125,000	£175,147	29% below HPI
1995 22 DEC	£78,950	£96,395	18% below HPI

15 LODGE 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 four 15 LODGE CLOSE sales between December 1995 and April 2019 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 October 2013 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the April 2019 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 15 LODGE CLOSE be worth now?

15 LODGE CLOSE might now be worth an estimated £438,100.

This is based on house price inflation of 23.4%, between April 2019 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 23.4% inflationary increase is applied to the most recent sale price for 15 LODGE CLOSE of £355,000 on 18th April 2019. For the value to have increased from £355,000 to £438,100 over the six years and two months to February 2025, the following assumptions must hold true:

• The value of 15 LODGE CLOSE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The April 2019 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 15 LODGE CLOSE has not materially changed since April 2019.

How Large is 15 LODGE CLOSE?

15 LODGE CLOSE is 84m², which includes two extensions, according to the EPC inspection conducted in September 2018. 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 15 LODGE CLOSE lies on this distribution: 14% of detached houses houses are smaller than 15 LODGE CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Bicester.

15 LODGE CLOSE: Plot and Title Map

15 LODGE CLOSE sits on a plot of roughly 0.072 of an acre, or 292m². The below map shows the location of 15 LODGE 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 LODGE 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 LODGE CLOSE?

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