22, LODGE CLOSE, BICESTER, OX26 3TE - £365,000

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.

22 LODGE CLOSE is a very small detached house of 82m², built sometime between 1983 and 1990, which could now be worth an estimated £440,569. It was last sold for £365,000 in August 2017, which was around 23% below the average August 2017 detached price in the Cherwell local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

22 LODGE CLOSE Sold Prices

Land registry data shows seven sales for 22 LODGE CLOSE since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. All of the seven 22 LODGE 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
2017 18 AUG	£365,000	£471,443	23% below HPI
2011 19 DEC	£247,100	£334,909	26% below HPI
2007 26 JAN	£247,000	£328,557	25% below HPI
2002 18 DEC	£199,950	£263,254	24% below HPI
2000 22 AUG	£137,500	£198,080	31% below HPI
2000 14 APR	£130,000	£177,359	27% below HPI
1998 29 MAY	£114,950	£132,093	13% below HPI

22 LODGE 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 seven 22 LODGE CLOSE sales between May 1998 and August 2017 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 December 2011 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the August 2017 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 22 LODGE CLOSE be worth now?

22 LODGE CLOSE might now be worth an estimated £440,569.

This is based on house price inflation of 20.7%, between August 2017 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 20.7% inflationary increase is applied to the most recent sale price for 22 LODGE CLOSE of £365,000 on 18th August 2017. For the value to have increased from £365,000 to £440,569 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of 22 LODGE CLOSE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The August 2017 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 22 LODGE CLOSE has not materially changed since August 2017.

How Large is 22 LODGE CLOSE?

22 LODGE CLOSE is 82m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 20% 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 22 LODGE CLOSE lies on this distribution: 12% of detached houses houses are smaller than 22 LODGE CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Bicester.

22 LODGE CLOSE: Plot and Title Map

22 LODGE CLOSE sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 22 LODGE 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 22 LODGE 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 22 LODGE CLOSE?

22 LODGE CLOSE is located in BICESTER, in the OX26 postcode district. The below map shows the position of No. 22 on LODGE CLOSE.