12, OLD SCHOOL CLOSE, CAVERSFIELD, BICESTER, OX27 8TW - £320,000

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.

12 OLD SCHOOL CLOSE is a small detached house of 107m², built sometime between 1991 and 1995, which could now be worth an estimated £519,979. It was last sold for £320,000 in July 2010, which was around 6% below the average July 2010 detached price in the Cherwell local authority area. The most recent EPC inspection was September 2009, where the current energy rating was D, and the potential energy rating was C.

12 OLD SCHOOL CLOSE Sold Prices

Land registry data shows four sales for 12 OLD SCHOOL CLOSE 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. Most of the four 12 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
2010 23 JUL	£320,000	£341,857	6% below HPI
2008 5 DEC	£270,000	£311,198	13% below HPI
1999 12 AUG	£142,000	£155,369	9% below HPI
1996 14 NOV	£102,500	£101,940	1% above HPI

12 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 four 12 OLD SCHOOL CLOSE sales between November 1996 and July 2010 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 2008 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the July 2010 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 12 OLD SCHOOL CLOSE be worth now?

12 OLD SCHOOL CLOSE might now be worth an estimated £519,979.

This is based on house price inflation of 62.5%, between July 2010 and June 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 62.5% inflationary increase is applied to the most recent sale price for 12 OLD SCHOOL CLOSE of £320,000 on 23rd July 2010. For the value to have increased from £320,000 to £519,979 over the fifteen years and one month to June 2025, the following assumptions must hold true:

• The value of 12 OLD SCHOOL CLOSE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The July 2010 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 12 OLD SCHOOL CLOSE has not materially changed since July 2010.

How Large is 12 OLD SCHOOL CLOSE?

12 OLD SCHOOL CLOSE is 107m² according to the EPC inspection conducted in September 2009. This puts it in the smallest 40% of detached houses houses in Bicester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bicester, and where 12 OLD SCHOOL CLOSE lies on this distribution: 39% of detached houses houses are smaller than 12 OLD SCHOOL CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Bicester.

12 OLD SCHOOL CLOSE: Plot and Title Map

12 OLD SCHOOL CLOSE sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of 12 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 12 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 12 OLD SCHOOL CLOSE?

12 OLD SCHOOL CLOSE is located in CAVERSFIELD, in the OX27 postcode district. The below map shows the position of No. 12 on OLD SCHOOL CLOSE.