5, FALCON MEAD, BICESTER, OX26 6XE - £515,000

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

5 FALCON MEAD is a small extended detached house of 105m², built sometime between 1996 and 2002. It was last sold for £515,000 in September 2023, which was around 8% below the average September 2023 detached price in the Cherwell local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was B.

5 FALCON MEAD Sold Prices

Land registry data shows four sales for 5 FALCON MEAD 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. The four 5 FALCON MEAD sales were a mix of below the average price, and roughly equal to 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
2023 22 SEP	£515,000	£558,928	8% below HPI
2006 16 MAY	£273,000	£312,706	13% below HPI
1997 27 JUN	£113,000	£112,689	Close to HPI
1996 12 AUG	£103,950	£107,818	4% below HPI

5 FALCON MEAD 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 5 FALCON MEAD sales between August 1996 and September 2023 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 2006 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the September 2023 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 5 FALCON MEAD?

5 FALCON MEAD is 105m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the smallest 40% of detached houses in Bicester, based on EPC data. The below chart shows the distribution of detached houses by size in Bicester, and where 5 FALCON MEAD lies on this distribution: 36% of detached houses are smaller than 5 FALCON MEAD, and 63% of houses are larger. Note that EPC data is not available for all properties in Bicester.

5 FALCON MEAD: Plot and Title Map

5 FALCON MEAD sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of 5 FALCON MEAD, 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 FALCON MEAD). 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 FALCON MEAD?

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