5, MERLIN CLOSE, BODICOTE, BANBURY, OX15 4GG - £390,000

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 MERLIN CLOSE is a small detached house of 96m², which could now be worth an estimated £386,742. It was last sold for £390,000 in December 2024, which was around 32% below the average December 2024 detached price in the Cherwell local authority area. The most recent EPC inspection was October 2015, where the current energy rating was B, and the potential energy rating was A.

5 MERLIN CLOSE Sold Prices

Land registry data shows two sales for 5 MERLIN CLOSE 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 5 MERLIN 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
2024 16 DEC	£390,000	£573,844	32% below HPI
2015 6 NOV	£329,950	£445,639	26% below HPI

5 MERLIN 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 two 5 MERLIN CLOSE sales from November 2015 and December 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 November 2015 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the December 2024 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 5 MERLIN CLOSE be worth now?

5 MERLIN CLOSE might now be worth an estimated £386,742.

This is based on house price deflation of 0.8%, between December 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 0.8% deflationary decrease is applied to the most recent sale price for 5 MERLIN CLOSE of £390,000 on 16th December 2024. For the value to have decreased from £390,000 to £386,742 over the one year and ten months to February 2025, the following assumptions must hold true:

• The value of 5 MERLIN CLOSE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The December 2024 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MERLIN CLOSE has not materially changed since December 2024.

How Large is 5 MERLIN CLOSE?

5 MERLIN CLOSE is 96m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 30% of detached houses houses in Bodicote, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bodicote, and where 5 MERLIN CLOSE lies on this distribution: 20% of detached houses houses are smaller than 5 MERLIN CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Bodicote.

5 MERLIN CLOSE: Plot and Title Map

5 MERLIN CLOSE sits on a plot of roughly 0.062 of an acre, or 252m². The below map shows the location of 5 MERLIN 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 5 MERLIN 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 5 MERLIN CLOSE?

5 MERLIN CLOSE is located in BODICOTE, in the OX15 postcode district. The below map shows the position of No. 5 on MERLIN CLOSE.