24, MERCIAN ROAD, THAME, OX9 2FT - £505,000

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.

24 MERCIAN ROAD is a very small detached house of 89m², which could now be worth an estimated £545,582. It was last sold for £505,000 in October 2020, which was around 28% below the average October 2020 detached price in the South Oxfordshire local authority area. The most recent EPC inspection was April 2019, where the current energy rating was B, and the potential energy rating was A.

24 MERCIAN ROAD Sold Prices

Land registry data shows two sales for 24 MERCIAN ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Oxfordshire local authority area for the corresponding sale date. Both of the two 24 MERCIAN ROAD 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
2020 22 OCT	£505,000	£705,402	28% below HPI
2019 30 APR	£480,000	£643,274	25% below HPI

24 MERCIAN ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Oxfordshire local authority area over time, sourced from the HPI. The two 24 MERCIAN ROAD sales from April 2019 and October 2020 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 April 2019 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the October 2020 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 24 MERCIAN ROAD be worth now?

24 MERCIAN ROAD might now be worth an estimated £545,582.

This is based on house price inflation of 8%, between October 2020 and March 2025, for detached houses, in the South Oxfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8% inflationary increase is applied to the most recent sale price for 24 MERCIAN ROAD of £505,000 on 22nd October 2020. For the value to have increased from £505,000 to £545,582 over the five years and seven months to March 2025, the following assumptions must hold true:

• The value of 24 MERCIAN ROAD has moved in line with the HPI for detached houses in the South Oxfordshire local authority area.
• The October 2020 sale price of £505,000 represented a fair market value for the property.
• The size, condition, and specification of 24 MERCIAN ROAD has not materially changed since October 2020.

How Large is 24 MERCIAN ROAD?

24 MERCIAN ROAD is 89m² according to the EPC inspection conducted in April 2019. This puts it in the smallest 20% of detached houses houses in Thame, based on EPC data. The below chart shows the distribution of detached houses houses by size in Thame, and where 24 MERCIAN ROAD lies on this distribution: 18% of detached houses houses are smaller than 24 MERCIAN ROAD, and 82% of houses are larger. Note that EPC data is not available for all properties in Thame.

24 MERCIAN ROAD: Plot and Title Map

24 MERCIAN ROAD sits on a plot of roughly 0.077 of an acre, or 313m². The below map shows the location of 24 MERCIAN ROAD, 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 24 MERCIAN ROAD). 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 24 MERCIAN ROAD?

24 MERCIAN ROAD is located in THAME, in the OX9 postcode district. The below map shows the position of No. 24 on MERCIAN ROAD.