28, THE MAGNOLIAS, BICESTER, OX26 3YG - £350,000

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

28 THE MAGNOLIAS is a very small extended detached house of 75m², built sometime between 1983 and 1990. It was last sold for £350,000 in January 2024, which was around 37% below the average January 2024 detached price in the Cherwell local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

28 THE MAGNOLIAS Sold Prices

Land registry data shows five sales for 28 THE MAGNOLIAS 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 28 THE MAGNOLIAS 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
2024 19 JAN	£350,000	£557,083	37% below HPI
2016 15 DEC	£295,000	£470,001	37% below HPI
2013 2 OCT	£225,000	£371,727	39% below HPI
2007 15 JUN	£220,000	£340,357	35% below HPI
2000 28 APR	£116,000	£179,973	36% below HPI

28 THE MAGNOLIAS 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 28 THE MAGNOLIAS sales between April 2000 and January 2024 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 2016 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the January 2024 sale, which was also at 37% below the HPI.

How Large is 28 THE MAGNOLIAS?

28 THE MAGNOLIAS is 75m², which includes one extension, according to the EPC inspection conducted in June 2016. 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 28 THE MAGNOLIAS lies on this distribution: 7% of detached houses are smaller than 28 THE MAGNOLIAS, and 93% of houses are larger. Note that EPC data is not available for all properties in Bicester.

28 THE MAGNOLIAS: Plot and Title Map

28 THE MAGNOLIAS sits on a plot of roughly 0.052 of an acre, or 211m². The below map shows the location of 28 THE MAGNOLIAS, 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 28 THE MAGNOLIAS). 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 28 THE MAGNOLIAS?

28 THE MAGNOLIAS is located in BICESTER, in the OX26 postcode district. The below map shows the position of No. 28 on THE MAGNOLIAS.