8, OLD SCHOOL CLOSE, CAVERSFIELD, BICESTER, OX27 8TW - £330,000

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

8 OLD SCHOOL CLOSE is a very small detached house of 88m², built sometime between 1991 and 1995. It was last sold for £330,000 in January 2016, which was around 28% below the average January 2016 detached price in the Cherwell local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was C.

8 OLD SCHOOL CLOSE Sold Prices

Land registry data shows two sales for 8 OLD SCHOOL 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 8 OLD SCHOOL 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
2016 22 JAN	£330,000	£456,735	28% below HPI
2013 17 DEC	£300,000	£375,311	20% below HPI

8 OLD SCHOOL 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 8 OLD SCHOOL CLOSE sales from December 2013 and January 2016 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 December 2013 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the January 2016 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 8 OLD SCHOOL CLOSE?

8 OLD SCHOOL CLOSE is 88m² according to the EPC inspection conducted in March 2013. This puts it in the smallest 20% of detached houses in Bicester, based on EPC data. The below chart shows the distribution of detached houses by size in Bicester, and where 8 OLD SCHOOL CLOSE lies on this distribution: 19% of detached houses are smaller than 8 OLD SCHOOL CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Bicester.

8 OLD SCHOOL CLOSE: Plot and Title Map

8 OLD SCHOOL CLOSE sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of 8 OLD SCHOOL 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 8 OLD SCHOOL 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 8 OLD SCHOOL CLOSE?

8 OLD SCHOOL CLOSE is located in CAVERSFIELD, in the OX27 postcode district. The below map shows the position of No. 8 on OLD SCHOOL CLOSE.