2, OAK CLOSE, BICESTER, OX26 3XD - £327,500

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.

2 OAK CLOSE is a midsized detached house of 116m², built sometime between 1983 and 1990, which could now be worth an estimated £435,181. It was last sold for £327,500 in June 2015, which was around 24% below the average June 2015 detached price in the Cherwell local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was C.

2 OAK CLOSE Sold Prices

Land registry data shows two sales for 2 OAK 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. Both of the two 2 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 5 JUN	£327,500	£428,245	24% below HPI
2012 27 APR	£267,000	£339,468	21% below HPI

2 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 two 2 OAK CLOSE sales from April 2012 and June 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 April 2012 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the June 2015 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 2 OAK CLOSE be worth now?

2 OAK CLOSE might now be worth an estimated £435,181.

This is based on house price inflation of 32.9%, between June 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 32.9% inflationary increase is applied to the most recent sale price for 2 OAK CLOSE of £327,500 on 5th June 2015. For the value to have increased from £327,500 to £435,181 over the ten years and four months to February 2025, the following assumptions must hold true:

• The value of 2 OAK CLOSE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The June 2015 sale price of £327,500 represented a fair market value for the property.
• The size, condition, and specification of 2 OAK CLOSE has not materially changed since June 2015.

How Large is 2 OAK CLOSE?

2 OAK CLOSE is 116m² according to the EPC inspection conducted in March 2012. This puts it in the largest 50% 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 2 OAK CLOSE lies on this distribution: 50% of detached houses houses are smaller than 2 OAK CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Bicester.

2 OAK CLOSE: Plot and Title Map

2 OAK CLOSE sits on a plot of roughly 0.085 of an acre, or 346m². The below map shows the location of 2 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 2 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 2 OAK CLOSE?

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