22, OLD SCHOOL CLOSE, CAVERSFIELD, BICESTER, OX27 8TW - £259,800

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 OLD SCHOOL CLOSE is a very small extended detached house of 85m², built sometime between 1991 and 1995, which could now be worth an estimated £422,558. It was last sold for £259,800 in October 2012, which was around 26% below the average October 2012 detached price in the Cherwell local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was D.

22 OLD SCHOOL CLOSE Sold Prices

Land registry data shows two sales for 22 OLD SCHOOL 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 22 OLD SCHOOL 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
2012 31 OCT	£259,800	£349,867	26% below HPI
2010 30 APR	£250,000	£330,556	24% below HPI

22 OLD SCHOOL 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 22 OLD SCHOOL CLOSE sales from April 2010 and October 2012 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 April 2010 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the October 2012 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 22 OLD SCHOOL CLOSE be worth now?

22 OLD SCHOOL CLOSE might now be worth an estimated £422,558.

This is based on house price inflation of 62.6%, between October 2012 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 62.6% inflationary increase is applied to the most recent sale price for 22 OLD SCHOOL CLOSE of £259,800 on 31st October 2012. For the value to have increased from £259,800 to £422,558 over the thirteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 22 OLD SCHOOL CLOSE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The October 2012 sale price of £259,800 represented a fair market value for the property.
• The size, condition, and specification of 22 OLD SCHOOL CLOSE has not materially changed since October 2012.

How Large is 22 OLD SCHOOL CLOSE?

22 OLD SCHOOL CLOSE is 85m², which includes one extension, according to the EPC inspection conducted in February 2012. 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 OLD SCHOOL CLOSE lies on this distribution: 16% of detached houses houses are smaller than 22 OLD SCHOOL CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Bicester.

22 OLD SCHOOL CLOSE: Plot and Title Map

22 OLD SCHOOL CLOSE sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 22 OLD SCHOOL 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 OLD SCHOOL 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 OLD SCHOOL CLOSE?

22 OLD SCHOOL CLOSE is located in CAVERSFIELD, in the OX27 postcode district. The below map shows the position of No. 22 on OLD SCHOOL CLOSE.