2, SPRUCE DRIVE, BICESTER, OX26 3YN - £265,000

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 SPRUCE DRIVE is a very small detached house of 72m², built sometime between 1967 and 1975, which could now be worth an estimated £421,673. It was last sold for £265,000 in August 2013, which was around 26% below the average August 2013 detached price in the Cherwell local authority area. The most recent EPC inspection was March 2014, where the current energy rating was E, and the potential energy rating was B.

2 SPRUCE DRIVE Sold Prices

Land registry data shows five sales for 2 SPRUCE DRIVE 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 2 SPRUCE 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
2013 30 AUG	£265,000	£357,619	26% below HPI
2002 22 NOV	£189,000	£255,172	26% below HPI
2001 17 AUG	£149,000	£205,621	28% below HPI
1998 24 JUL	£112,500	£139,759	20% below HPI
1996 29 MAR	£74,750	£100,428	26% below HPI

2 SPRUCE 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 five 2 SPRUCE DRIVE sales between March 1996 and August 2013 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 2002 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the August 2013 sale, which was also at 26% below the HPI.

What might 2 SPRUCE DRIVE be worth now?

2 SPRUCE DRIVE might now be worth an estimated £421,673.

This is based on house price inflation of 59.1%, between August 2013 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 59.1% inflationary increase is applied to the most recent sale price for 2 SPRUCE DRIVE of £265,000 on 30th August 2013. For the value to have increased from £265,000 to £421,673 over the twelve years and six months to February 2025, the following assumptions must hold true:

• The value of 2 SPRUCE DRIVE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The August 2013 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SPRUCE DRIVE has not materially changed since August 2013.

How Large is 2 SPRUCE DRIVE?

2 SPRUCE DRIVE is 72m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 10% 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 SPRUCE DRIVE lies on this distribution: 6% of detached houses houses are smaller than 2 SPRUCE DRIVE, and 94% of houses are larger. Note that EPC data is not available for all properties in Bicester.

2 SPRUCE DRIVE: Plot and Title Map

2 SPRUCE DRIVE sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 2 SPRUCE 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 SPRUCE 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 SPRUCE DRIVE?

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