2, OAK WAY, SOUTH CERNEY, CIRENCESTER, GL7 5XX - £425,000

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 OAK WAY is a small extended detached house of 126m², built sometime between 1996 and 2002. It was last sold for £425,000 in July 2020, which was around 26% below the average July 2020 detached price in the Cotswold local authority area. The most recent EPC inspection was July 2016, where the current energy rating was C, and the potential energy rating was B.

2 OAK WAY Sold Prices

Land registry data shows three sales for 2 OAK WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cotswold local authority area for the corresponding sale date. All of the three 2 OAK 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
2020 3 JUL	£425,000	£577,916	26% below HPI
2002 15 AUG	£210,000	£283,319	26% below HPI
1998 18 AUG	£138,500	£172,679	20% below HPI

2 OAK WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cotswold local authority area over time, sourced from the HPI. The three 2 OAK WAY sales between August 1998 and July 2020 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 August 2002 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the July 2020 sale, which was also at 26% below the HPI.

How Large is 2 OAK WAY?

2 OAK WAY is 126m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the smallest 40% of detached houses in South Cerney, based on EPC data. The below chart shows the distribution of detached houses by size in South Cerney, and where 2 OAK WAY lies on this distribution: 35% of detached houses are smaller than 2 OAK WAY, and 64% of houses are larger. Note that EPC data is not available for all properties in South Cerney.

2 OAK WAY: Plot and Title Map

2 OAK WAY sits on a plot of roughly 0.082 of an acre, or 333m². The below map shows the location of 2 OAK 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 2 OAK 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 2 OAK WAY?

2 OAK WAY is located in SOUTH CERNEY, in the GL7 postcode district. The below map shows the position of No. 2 on OAK WAY.