2, MAY TREE CLOSE, BICESTER, OX26 6PA - £240,000

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

2 MAY TREE CLOSE is a small detached house of 102m², built sometime between 1996 and 2002. It was last sold for £240,000 in March 2009, which was around 18% below the average March 2009 detached price in the Cherwell local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

2 MAY TREE CLOSE Sold Prices

Land registry data shows two sales for 2 MAY TREE CLOSE 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. One of the two 2 MAY TREE CLOSE sales was for below the average price, whilst the other was 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
2009 20 MAR	£240,000	£294,239	18% below HPI
1998 31 MAR	£142,500	£131,769	8% above HPI

2 MAY TREE 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 two 2 MAY TREE CLOSE sales from March 1998 and March 2009 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 March 1998 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the March 2009 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 2 MAY TREE CLOSE?

2 MAY TREE CLOSE is 102m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 40% of detached houses in Bicester, based on EPC data. The below chart shows the distribution of detached houses by size in Bicester, and where 2 MAY TREE CLOSE lies on this distribution: 33% of detached houses are smaller than 2 MAY TREE CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Bicester.

2 MAY TREE CLOSE: Plot and Title Map

2 MAY TREE CLOSE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 2 MAY TREE 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 2 MAY TREE 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 2 MAY TREE CLOSE?

2 MAY TREE CLOSE is located in BICESTER, in the OX26 postcode district. The below map shows the position of No. 2 on MAY TREE CLOSE.