MILL LANE COTTAGE, MILL LANE, LOWER HEYFORD, BICESTER, OX25 5PG - £760,000

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.

MILL LANE COTTAGE is a large extended detached house of 202m², built sometime before 1900, which could now be worth an estimated £893,367. It was last sold for £760,000 in February 2018, which was around 57% above the average February 2018 detached price in the Cherwell local authority area. The most recent EPC inspection was September 2017, where the current energy rating was E, and the potential energy rating was C.

MILL LANE COTTAGE Sold Prices

Land registry data shows three sales for MILL LANE COTTAGE 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 MILL LANE COTTAGE sales were for above 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
2018 15 FEB	£760,000	£484,099	57% above HPI
2000 8 FEB	£245,000	£170,484	44% above HPI
1997 10 JUL	£200,000	£116,700	71% above HPI

MILL LANE COTTAGE 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 MILL LANE COTTAGE sales between July 1997 and February 2018 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 February 2000 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the February 2018 sale, where it rises to 57% above the HPI. The line then continues to track at 57% above the HPI.

What might MILL LANE COTTAGE be worth now?

MILL LANE COTTAGE might now be worth an estimated £893,367.

This is based on house price inflation of 17.5%, between February 2018 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 17.5% inflationary increase is applied to the most recent sale price for MILL LANE COTTAGE of £760,000 on 15th February 2018. For the value to have increased from £760,000 to £893,367 over the seven years to February 2025, the following assumptions must hold true:

• The value of MILL LANE COTTAGE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The February 2018 sale price of £760,000 represented a fair market value for the property.
• The size, condition, and specification of MILL LANE COTTAGE has not materially changed since February 2018.

How Large is MILL LANE COTTAGE?

MILL LANE COTTAGE is 202m², which includes two extensions, according to the EPC inspection conducted in September 2017. This puts it in the largest 30% of detached houses houses in Lower Heyford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lower Heyford, and where MILL LANE COTTAGE lies on this distribution: 75% of detached houses houses are smaller than MILL LANE COTTAGE, and 25% of houses are larger. Note that EPC data is not available for all properties in Lower Heyford.

MILL LANE COTTAGE: Plot and Title Map

MILL LANE COTTAGE sits on a plot of roughly 0.232 of an acre, or 937m². The below map shows the location of MILL LANE COTTAGE, 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 MILL LANE COTTAGE). 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 MILL LANE COTTAGE?

MILL LANE COTTAGE is located on MILL LANE in LOWER HEYFORD, in the OX25 postcode district. The below map shows the position of MILL LANE COTTAGE on MILL LANE.