THE COTTAGE, SOUTH SIDE, STEEPLE ASTON, BICESTER, OX25 4RR - £375,000

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

THE COTTAGE is a very small extended detached house of 86m², built sometime before 1900. It was last sold for £375,000 in April 2022, which was around 30% below the average April 2022 detached price in the Cherwell local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was A.

THE COTTAGE Sold Prices

Land registry data shows two sales for THE COTTAGE 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 THE COTTAGE 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
2022 12 APR	£375,000	£536,065	30% below HPI
2016 9 DEC	£288,000	£470,001	39% below HPI

THE 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 two THE COTTAGE sales from December 2016 and April 2022 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 2016 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the April 2022 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 86m², which includes two extensions, according to the EPC inspection conducted in January 2022. This puts it in the smallest 20% of detached houses in Steeple Aston, based on EPC data. The below chart shows the distribution of detached houses by size in Steeple Aston, and where THE COTTAGE lies on this distribution: 12% of detached houses are smaller than THE COTTAGE, and 88% of houses are larger. Note that EPC data is not available for all properties in Steeple Aston.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.191 of an acre, or 774m². The below map shows the location of THE 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 THE 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 THE COTTAGE?

THE COTTAGE is located on SOUTH SIDE in STEEPLE ASTON, in the OX25 postcode district. The below map shows the position of THE COTTAGE on SOUTH SIDE.