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

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.

28 THE MAGNOLIAS is a very small extended detached house of 75m², built sometime between 1983 and 1990, which could now be worth an estimated £367,355. It was last sold for £350,000 in January 2024, which was around 35% 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	£542,167	35% below HPI
2016 15 DEC	£295,000	£463,174	36% below HPI
2013 2 OCT	£225,000	£366,327	39% below HPI
2007 15 JUN	£220,000	£335,413	34% below HPI
2000 28 APR	£116,000	£177,359	35% 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 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the January 2024 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 28 THE MAGNOLIAS be worth now?

28 THE MAGNOLIAS might now be worth an estimated £367,355.

This is based on house price inflation of 5%, between January 2024 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 5% inflationary increase is applied to the most recent sale price for 28 THE MAGNOLIAS of £350,000 on 19th January 2024. For the value to have increased from £350,000 to £367,355 over the eleven months to February 2025, the following assumptions must hold true:

• The value of 28 THE MAGNOLIAS has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The January 2024 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 28 THE MAGNOLIAS has not materially changed since January 2024.

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 houses in Bicester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bicester, and where 28 THE MAGNOLIAS lies on this distribution: 7% of detached houses 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.