40, LILY CLOSE, BICESTER, OX26 3EJ - £320,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

40 LILY CLOSE is a very small detached house of 87m², built sometime between 1996 and 2002, which could now be worth an estimated £402,398. It was last sold for £320,000 in April 2017, which was around 31% below the average April 2017 detached price in the Cherwell local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

40 LILY CLOSE Sold Prices

Land registry data shows four sales for 40 LILY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. All of the four 40 LILY 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 6 APR	£320,000	£465,001	31% below HPI
2007 22 JUN	£274,950	£335,413	18% below HPI
2002 30 SEP	£192,950	£244,346	21% below HPI
1999 18 JUN	£126,500	£149,608	15% below HPI

40 LILY 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 four 40 LILY CLOSE sales between June 1999 and April 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 June 2007 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the April 2017 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 40 LILY CLOSE be worth now?

40 LILY CLOSE might now be worth an estimated £402,398.

This is based on house price inflation of 25.7%, between April 2017 and December 2024, 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 25.7% inflationary increase is applied to the most recent sale price for 40 LILY CLOSE of £320,000 on 6th April 2017. For the value to have increased from £320,000 to £402,398 over the six years and four months to December 2024, the following assumptions must hold true:

• The value of 40 LILY CLOSE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The April 2017 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 40 LILY CLOSE has not materially changed since April 2017.

How Large is 40 LILY CLOSE?

40 LILY CLOSE is 87m² according to the EPC inspection conducted in May 2014. 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 40 LILY CLOSE lies on this distribution: 18% of detached houses houses are smaller than 40 LILY CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Bicester.

40 LILY CLOSE: Plot and Title Map

40 LILY CLOSE sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 40 LILY 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 40 LILY 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 40 LILY CLOSE?

40 LILY CLOSE is located in BICESTER, in the OX26 postcode district. The below map shows the position of No. 40 on LILY CLOSE.