15, OAK CLOSE, BICESTER, OX26 3XD - £281,000

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 OAK CLOSE is a very small extended detached house of 84m², built sometime between 1983 and 1990, which could now be worth an estimated £368,297. It was last sold for £281,000 in July 2015, which was around 35% below the average July 2015 detached price in the Cherwell local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was C.

15 OAK CLOSE Sold Prices

Land registry data shows three sales for 15 OAK 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 15 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
2015 27 JUL	£281,000	£434,169	35% below HPI
2006 31 AUG	£203,000	£323,509	37% below HPI
1999 28 JUN	£92,000	£149,608	39% below HPI

15 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 three 15 OAK CLOSE sales between June 1999 and July 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 August 2006 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the July 2015 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 15 OAK CLOSE be worth now?

15 OAK CLOSE might now be worth an estimated £368,297.

This is based on house price inflation of 31.1%, between July 2015 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 31.1% inflationary increase is applied to the most recent sale price for 15 OAK CLOSE of £281,000 on 27th July 2015. For the value to have increased from £281,000 to £368,297 over the ten years and five months to February 2025, the following assumptions must hold true:

• The value of 15 OAK CLOSE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The July 2015 sale price of £281,000 represented a fair market value for the property.
• The size, condition, and specification of 15 OAK CLOSE has not materially changed since July 2015.

How Large is 15 OAK CLOSE?

15 OAK CLOSE is 84m², which includes one extension, according to the EPC inspection conducted in April 2015. 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 OAK CLOSE lies on this distribution: 14% of detached houses houses are smaller than 15 OAK CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Bicester.

15 OAK CLOSE: Plot and Title Map

15 OAK CLOSE sits on a plot of roughly 0.046 of an acre, or 188m². The below map shows the location of 15 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 15 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 15 OAK CLOSE?

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