1A, MERLIN WAY, BICESTER, OX26 6SS - £356,000

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

1A MERLIN WAY is a very small detached house of 83m², built sometime between 1991 and 1995. It was last sold for £356,000 in June 2021, which was around 29% below the average June 2021 detached price in the Cherwell local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

1A MERLIN WAY Sold Prices

Land registry data shows five sales for 1A MERLIN WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. All of the five 1A MERLIN WAY 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
2021 18 JUN	£356,000	£501,795	29% below HPI
2014 27 NOV	£310,000	£412,927	25% below HPI
2012 4 JAN	£222,500	£343,902	35% below HPI
2009 14 AUG	£218,000	£314,687	31% below HPI
2001 3 SEP	£139,750	£210,270	34% below HPI

1A 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 five 1A MERLIN WAY sales between September 2001 and June 2021 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 November 2014 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2021 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 1A MERLIN WAY?

1A MERLIN WAY is 83m² according to the EPC inspection conducted in August 2020. 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 1A MERLIN WAY lies on this distribution: 14% of detached houses are smaller than 1A MERLIN WAY, and 86% of houses are larger. Note that EPC data is not available for all properties in Bicester.

1A MERLIN WAY: Plot and Title Map

1A MERLIN WAY sits on a plot of roughly 0.064 of an acre, or 257m². The below map shows the location of 1A 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 1A 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 1A MERLIN WAY?

1A MERLIN WAY is located in BICESTER, in the OX26 postcode district. The below map shows the position of No. 1A on MERLIN WAY.