4A, MERLIN WAY, BICESTER, OX26 6SS - £184,000

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

4A MERLIN WAY is a very small detached house of 45m², built sometime between 1991 and 1995. It was last sold for £184,000 in December 2014, which was around 55% below the average December 2014 detached price in the Cherwell local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was D.

4A MERLIN WAY Sold Prices

Land registry data shows two sales for 4A MERLIN WAY 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 4A MERLIN WAY 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
2014 8 DEC	£184,000	£411,229	55% below HPI
1995 3 NOV	£45,495	£97,408	53% below HPI

4A MERLIN WAY 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 4A MERLIN WAY sales from November 1995 and December 2014 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 November 1995 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the December 2014 sale, where it falls to 55% below the HPI. The line then continues to track at 55% below the HPI.

How Large is 4A MERLIN WAY?

4A MERLIN WAY is 45m² according to the EPC inspection conducted in July 2012. 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 4A MERLIN WAY lies on this distribution: Less than 1% of detached houses are smaller than 4A MERLIN WAY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Bicester.

4A MERLIN WAY: Plot and Title Map

4A MERLIN WAY sits on a plot of roughly 0.035 of an acre, or 143m². The below map shows the location of 4A MERLIN WAY, 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 4A MERLIN WAY). 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 4A MERLIN WAY?

4A MERLIN WAY is located in BICESTER, in the OX26 postcode district. The below map shows the position of No. 4A on MERLIN WAY.