GRASMERE, CHAPEL LANE, BODICOTE, BANBURY, OX15 4DB - £600,000

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.

GRASMERE is a very large extended detached house of 183m², built sometime between 1950 and 1966, which could now be worth an estimated £717,405. It was last sold for £600,000 in August 2018, which was around 24% above the average August 2018 detached price in the Cherwell local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was C.

GRASMERE Sold Prices

Land registry data shows two sales for GRASMERE 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 GRASMERE 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
2018 24 AUG	£600,000	£484,155	24% above HPI
2005 1 FEB	£317,000	£286,391	11% above HPI

GRASMERE 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 GRASMERE sales from February 2005 and August 2018 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 February 2005 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the August 2018 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might GRASMERE be worth now?

GRASMERE might now be worth an estimated £717,405.

This is based on house price inflation of 19.6%, between August 2018 and May 2026, 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 19.6% inflationary increase is applied to the most recent sale price for GRASMERE of £600,000 on 24th August 2018. For the value to have increased from £600,000 to £717,405 over the eight years and three months to May 2026, the following assumptions must hold true:

• The value of GRASMERE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The August 2018 sale price of £600,000 represented a fair market value for the property.
• The size, condition, and specification of GRASMERE has not materially changed since August 2018.

How Large is GRASMERE?

GRASMERE is 183m², which includes two extensions, according to the EPC inspection conducted in March 2018. This puts it in the largest 10% of detached houses houses in Bodicote, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bodicote, and where GRASMERE lies on this distribution: 94% of detached houses houses are smaller than GRASMERE, and 6% of houses are larger. Note that EPC data is not available for all properties in Bodicote.

GRASMERE: Plot and Title Map

GRASMERE sits on a plot of roughly 0.214 of an acre, or 866m². The below map shows the location of GRASMERE, 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 GRASMERE). 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 GRASMERE?

GRASMERE is located on CHAPEL LANE in BODICOTE, in the OX15 postcode district. The below map shows the position of GRASMERE on CHAPEL LANE.