18, MERLIN WAY, BICESTER, OX26 6YG - £615,000

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

18 MERLIN WAY is a large detached house of 135m², built sometime between 1991 and 1995. It was last sold for £615,000 in November 2022, which was around 7% above the average November 2022 detached price in the Cherwell local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was C.

18 MERLIN WAY Sold Prices

Land registry data shows two sales for 18 MERLIN WAY 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 18 MERLIN WAY sales were for above 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
2022 29 NOV	£615,000	£573,735	7% above HPI
1996 24 MAY	£126,000	£99,578	27% above HPI

18 MERLIN WAY 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 18 MERLIN WAY sales from May 1996 and November 2022 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 May 1996 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the November 2022 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 18 MERLIN WAY?

18 MERLIN WAY is 135m² according to the EPC inspection conducted in April 2022. This puts it in the largest 30% of detached houses in Bicester, based on EPC data. The below chart shows the distribution of detached houses by size in Bicester, and where 18 MERLIN WAY lies on this distribution: 70% of detached houses are smaller than 18 MERLIN WAY, and 30% of houses are larger. Note that EPC data is not available for all properties in Bicester.

18 MERLIN WAY: Plot and Title Map

18 MERLIN WAY sits on a plot of roughly 0.120 of an acre, or 485m². The below map shows the location of 18 MERLIN WAY, 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 18 MERLIN WAY). 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 18 MERLIN WAY?

18 MERLIN WAY is located in BICESTER, in the OX26 postcode district. The below map shows the position of No. 18 on MERLIN WAY.