16, MARTIN CLOSE, BICESTER, OX26 6XA - £285,000

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.

16 MARTIN CLOSE is a small detached house of 101m², built sometime between 1991 and 1995, which could now be worth an estimated £493,319. It was last sold for £285,000 in November 2011, which was around 13% below the average November 2011 detached price in the Cherwell local authority area. The most recent EPC inspection was March 2009, where the current energy rating was D, and the potential energy rating was C.

16 MARTIN CLOSE Sold Prices

Land registry data shows four sales for 16 MARTIN 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 16 MARTIN 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
2011 4 NOV	£285,000	£328,751	13% below HPI
2009 22 JUL	£250,000	£303,880	18% below HPI
1999 26 AUG	£125,000	£155,369	20% below HPI
1995 3 NOV	£88,995	£95,993	7% below HPI

16 MARTIN 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 16 MARTIN CLOSE sales between November 1995 and November 2011 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 July 2009 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the November 2011 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 16 MARTIN CLOSE be worth now?

16 MARTIN CLOSE might now be worth an estimated £493,319.

This is based on house price inflation of 73.1%, between November 2011 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 73.1% inflationary increase is applied to the most recent sale price for 16 MARTIN CLOSE of £285,000 on 4th November 2011. For the value to have increased from £285,000 to £493,319 over the fourteen years and nine months to February 2025, the following assumptions must hold true:

• The value of 16 MARTIN CLOSE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The November 2011 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MARTIN CLOSE has not materially changed since November 2011.

How Large is 16 MARTIN CLOSE?

16 MARTIN CLOSE is 101m² according to the EPC inspection conducted in March 2009. This puts it in the smallest 40% 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 16 MARTIN CLOSE lies on this distribution: 33% of detached houses houses are smaller than 16 MARTIN CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Bicester.

16 MARTIN CLOSE: Plot and Title Map

16 MARTIN CLOSE sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of 16 MARTIN 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 16 MARTIN 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 16 MARTIN CLOSE?

16 MARTIN CLOSE is located in BICESTER, in the OX26 postcode district. The below map shows the position of No. 16 on MARTIN CLOSE.