8, VERVAIN CLOSE, BICESTER, OX26 3SR - £280,000

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.

8 VERVAIN CLOSE is a very small terraced house of 64m², built sometime between 1996 and 2002, which could now be worth an estimated £307,015. It was last sold for £280,000 in June 2021, which was around 10% above the average June 2021 terraced price in the Cherwell local authority area. The most recent EPC inspection was May 2015, where the current energy rating was C, and the potential energy rating was B.

8 VERVAIN CLOSE Sold Prices

Land registry data shows five sales for 8 VERVAIN CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Cherwell local authority area for the corresponding sale date. The five 8 VERVAIN CLOSE sales were a mix of above the average price, and roughly equal to 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 30 JUN	£280,000	£254,491	10% above HPI
2017 14 JUL	£290,000	£236,502	23% above HPI
2015 21 AUG	£245,000	£223,006	10% above HPI
2004 9 NOV	£153,000	£153,104	Close to HPI
2001 24 DEC	£113,995	£98,920	15% above HPI

8 VERVAIN CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Cherwell local authority area over time, sourced from the HPI. The five 8 VERVAIN CLOSE sales between December 2001 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 July 2017 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the June 2021 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 8 VERVAIN CLOSE be worth now?

8 VERVAIN CLOSE might now be worth an estimated £307,015.

This is based on house price inflation of 9.6%, between June 2021 and June 2025, for terraced 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 9.6% inflationary increase is applied to the most recent sale price for 8 VERVAIN CLOSE of £280,000 on 30th June 2021. For the value to have increased from £280,000 to £307,015 over the four years to June 2025, the following assumptions must hold true:

• The value of 8 VERVAIN CLOSE has moved in line with the HPI for terraced houses in the Cherwell local authority area.
• The June 2021 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 8 VERVAIN CLOSE has not materially changed since June 2021.

How Large is 8 VERVAIN CLOSE?

8 VERVAIN CLOSE is 64m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 10% of terraced houses houses in Bicester, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Bicester, and where 8 VERVAIN CLOSE lies on this distribution: 2% of terraced houses houses are smaller than 8 VERVAIN CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Bicester.

8 VERVAIN CLOSE: Plot and Title Map

8 VERVAIN CLOSE sits on a plot of roughly 0.024 of an acre, or 99m². The below map shows the location of 8 VERVAIN 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 8 VERVAIN 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 8 VERVAIN CLOSE?

8 VERVAIN CLOSE is located in BICESTER, in the OX26 postcode district. The below map shows the position of No. 8 on VERVAIN CLOSE.