51, MERLIN WAY, BICESTER, OX26 6YG - £379,000

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

51 MERLIN WAY is a small extended detached house of 107m², built sometime between 1991 and 1995. It was last sold for £379,000 in June 2015, which was around 13% below the average June 2015 detached price in the Cherwell local authority area. The most recent EPC inspection was April 2015, where the current energy rating was C, and the potential energy rating was B.

51 MERLIN WAY Sold Prices

Land registry data shows four sales for 51 MERLIN WAY 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. All of the four 51 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
2015 12 JUN	£379,000	£434,557	13% below HPI
2006 25 MAY	£270,000	£312,706	14% below HPI
2005 27 JAN	£243,000	£295,239	18% below HPI
2000 22 SEP	£163,500	£200,109	18% below HPI

51 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 four 51 MERLIN WAY sales between September 2000 and June 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 2006 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the June 2015 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 51 MERLIN WAY?

51 MERLIN WAY is 107m², which includes one extension, according to the EPC inspection conducted in April 2015. 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 51 MERLIN WAY lies on this distribution: 38% of detached houses are smaller than 51 MERLIN WAY, and 61% of houses are larger. Note that EPC data is not available for all properties in Bicester.

51 MERLIN WAY: Plot and Title Map

51 MERLIN WAY sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 51 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 51 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 51 MERLIN WAY?

51 MERLIN WAY is located in BICESTER, in the OX26 postcode district. The below map shows the position of No. 51 on MERLIN WAY.