5, FAIRFORD WAY, BICESTER, OX26 4YG - £385,000

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.

5 FAIRFORD WAY is a large extended detached house of 143m², built sometime between 1976 and 1982, which could now be worth an estimated £499,964. It was last sold for £385,000 in September 2015, which was around 12% below the average September 2015 detached price in the Cherwell local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was C.

5 FAIRFORD WAY Sold Prices

Land registry data shows two sales for 5 FAIRFORD 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. One of the two 5 FAIRFORD WAY sales was for below the average price, whilst the other was for above 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
2015 24 SEP	£385,000	£438,200	12% below HPI
2012 30 MAY	£348,000	£336,377	3% above HPI

5 FAIRFORD 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 5 FAIRFORD WAY sales from May 2012 and September 2015 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 May 2012 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the September 2015 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 5 FAIRFORD WAY be worth now?

5 FAIRFORD WAY might now be worth an estimated £499,964.

This is based on house price inflation of 29.9%, between September 2015 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 29.9% inflationary increase is applied to the most recent sale price for 5 FAIRFORD WAY of £385,000 on 24th September 2015. For the value to have increased from £385,000 to £499,964 over the ten years and seven months to February 2025, the following assumptions must hold true:

• The value of 5 FAIRFORD WAY has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The September 2015 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FAIRFORD WAY has not materially changed since September 2015.

How Large is 5 FAIRFORD WAY?

5 FAIRFORD WAY is 143m², which includes one extension, according to the EPC inspection conducted in September 2011. This puts it in the largest 30% 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 5 FAIRFORD WAY lies on this distribution: 75% of detached houses houses are smaller than 5 FAIRFORD WAY, and 25% of houses are larger. Note that EPC data is not available for all properties in Bicester.

5 FAIRFORD WAY: Plot and Title Map

5 FAIRFORD WAY sits on a plot of roughly 0.121 of an acre, or 491m². The below map shows the location of 5 FAIRFORD 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 5 FAIRFORD 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 5 FAIRFORD WAY?

5 FAIRFORD WAY is located in BICESTER, in the OX26 postcode district. The below map shows the position of No. 5 on FAIRFORD WAY.