20, MARGARET CLOSE, BICESTER, OX26 2DH - £275,000

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

20 MARGARET CLOSE is a very small extended detached house of 64m², built sometime between 1950 and 1966. It was last sold for £275,000 in May 2019, which was around 40% below the average May 2019 detached price in the Cherwell local authority area. The most recent EPC inspection was August 2018, where the current energy rating was E, and the potential energy rating was C.

20 MARGARET CLOSE Sold Prices

Land registry data shows two sales for 20 MARGARET 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 20 MARGARET 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
2019 17 MAY	£275,000	£457,173	40% below HPI
1997 15 AUG	£78,000	£124,459	37% below HPI

20 MARGARET 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 20 MARGARET CLOSE sales from August 1997 and May 2019 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 1997 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the May 2019 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 20 MARGARET CLOSE?

20 MARGARET CLOSE is 64m², which includes one extension, according to the EPC inspection conducted in August 2018. This puts it in the smallest 10% of detached houses in Bicester, based on EPC data. The below chart shows the distribution of detached houses by size in Bicester, and where 20 MARGARET CLOSE lies on this distribution: 2% of detached houses are smaller than 20 MARGARET CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Bicester.

20 MARGARET CLOSE: Plot and Title Map

20 MARGARET CLOSE sits on a plot of roughly 0.096 of an acre, or 388m². The below map shows the location of 20 MARGARET 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 20 MARGARET 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 20 MARGARET CLOSE?

20 MARGARET CLOSE is located in BICESTER, in the OX26 postcode district. The below map shows the position of No. 20 on MARGARET CLOSE.