2, LANCASTER CLOSE, BICESTER, OX26 4TT - £351,500

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.

2 LANCASTER CLOSE is a midsized extended semi-detached house of 126m², built sometime between 1967 and 1975, which could now be worth an estimated £405,002. It was last sold for £351,500 in June 2021, which was around 16% above the average June 2021 semi-detached price in the Cherwell local authority area. The most recent EPC inspection was January 2021, where the current energy rating was C, and the potential energy rating was B.

2 LANCASTER CLOSE Sold Prices

Land registry data shows three sales for 2 LANCASTER CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Cherwell local authority area for the corresponding sale date. All of the three 2 LANCASTER CLOSE 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
2021 23 JUN	£351,500	£302,174	16% above HPI
1996 28 NOV	£71,000	£59,585	19% above HPI
1995 14 JUL	£66,000	£59,742	10% above HPI

2 LANCASTER CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cherwell local authority area over time, sourced from the HPI. The three 2 LANCASTER CLOSE sales between July 1995 and June 2021 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 November 1996 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the June 2021 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 2 LANCASTER CLOSE be worth now?

2 LANCASTER CLOSE might now be worth an estimated £405,002.

This is based on house price inflation of 15.2%, between June 2021 and February 2025, for semi-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 15.2% inflationary increase is applied to the most recent sale price for 2 LANCASTER CLOSE of £351,500 on 23rd June 2021. For the value to have increased from £351,500 to £405,002 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 2 LANCASTER CLOSE has moved in line with the HPI for semi-detached houses in the Cherwell local authority area.
• The June 2021 sale price of £351,500 represented a fair market value for the property.
• The size, condition, and specification of 2 LANCASTER CLOSE has not materially changed since June 2021.

How Large is 2 LANCASTER CLOSE?

2 LANCASTER CLOSE is 126m², which includes one extension, according to the EPC inspection conducted in January 2021. This puts it in the largest 40% of semi-detached houses houses in Bicester, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Bicester, and where 2 LANCASTER CLOSE lies on this distribution: 60% of semi-detached houses houses are smaller than 2 LANCASTER CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Bicester.

2 LANCASTER CLOSE: Plot and Title Map

2 LANCASTER CLOSE sits on a plot of roughly 0.076 of an acre, or 306m². The below map shows the location of 2 LANCASTER 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 2 LANCASTER 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 2 LANCASTER CLOSE?

2 LANCASTER CLOSE is located in BICESTER, in the OX26 postcode district. The below map shows the position of No. 2 on LANCASTER CLOSE.