50, SPRUCE DRIVE, BICESTER, OX26 3YN - £275,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

50 SPRUCE DRIVE is a very small detached house of 39m², built sometime between 1996 and 2002. It was last sold for £275,000 in June 2023, which was around 50% below the average June 2023 detached price in the Cherwell local authority area. The most recent EPC inspection was December 2016, where the current energy rating was D, and the potential energy rating was B.

50 SPRUCE DRIVE Sold Prices

Land registry data shows three sales for 50 SPRUCE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cherwell local authority area for the corresponding sale date. All of the three 50 SPRUCE DRIVE 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
2023 23 JUN	£275,000	£554,860	50% below HPI
2018 6 JUL	£200,000	£486,836	59% below HPI
2014 2 MAY	£150,000	£389,154	61% below HPI

50 SPRUCE DRIVE 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 three 50 SPRUCE DRIVE sales between May 2014 and June 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 July 2018 sale was for 59% below the HPI. So the extrapolation line tracks at 59% below the HPI over time, until the June 2023 sale, where it rises to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 50 SPRUCE DRIVE?

50 SPRUCE DRIVE is 39m² according to the EPC inspection conducted in December 2016. 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 50 SPRUCE DRIVE lies on this distribution: Less than 1% of detached houses are smaller than 50 SPRUCE DRIVE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Bicester.

50 SPRUCE DRIVE: Plot and Title Map

50 SPRUCE DRIVE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 50 SPRUCE DRIVE, 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 50 SPRUCE DRIVE). 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 50 SPRUCE DRIVE?

50 SPRUCE DRIVE is located in BICESTER, in the OX26 postcode district. The below map shows the position of No. 50 on SPRUCE DRIVE.