2, SOMERVILLE DRIVE, BICESTER, OX26 4TU - £355,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 SOMERVILLE DRIVE is a small detached house of 90m², built sometime between 1976 and 1982. It was last sold for £355,000 in December 2023, which was around 35% below the average December 2023 detached price in the Cherwell local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was B.

2 SOMERVILLE DRIVE Sold Prices

Land registry data shows two sales for 2 SOMERVILLE DRIVE 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 SOMERVILLE DRIVE 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
2023 15 DEC	£355,000	£546,346	35% below HPI
2001 19 SEP	£183,000	£210,270	13% below HPI

2 SOMERVILLE DRIVE 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 SOMERVILLE DRIVE sales from September 2001 and December 2023 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 September 2001 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the December 2023 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 2 SOMERVILLE DRIVE?

2 SOMERVILLE DRIVE is 90m² according to the EPC inspection conducted in January 2023. This puts it in the smallest 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 2 SOMERVILLE DRIVE lies on this distribution: 21% of detached houses are smaller than 2 SOMERVILLE DRIVE, and 79% of houses are larger. Note that EPC data is not available for all properties in Bicester.

2 SOMERVILLE DRIVE: Plot and Title Map

2 SOMERVILLE DRIVE sits on a plot of roughly 0.125 of an acre, or 507m². The below map shows the location of 2 SOMERVILLE DRIVE, 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 SOMERVILLE DRIVE). 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 SOMERVILLE DRIVE?

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