1, MARRAM CLOSE, BEANHILL, MILTON KEYNES, MK6 4LS - £247,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 MARRAM CLOSE is a very small detached house of 86m², built sometime between 1967 and 1975. It was last sold for £247,000 in November 2020, which was around 45% below the average November 2020 detached price in the Milton Keynes local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was C.

1 MARRAM CLOSE Sold Prices

Land registry data shows three sales for 1 MARRAM CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the three 1 MARRAM 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
2020 27 NOV	£247,000	£446,439	45% below HPI
2020 4 FEB	£195,000	£429,038	55% below HPI
1998 28 AUG	£58,250	£106,595	45% below HPI

1 MARRAM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Milton Keynes local authority area over time, sourced from the HPI. The three 1 MARRAM CLOSE sales between August 1998 and November 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 February 2020 sale was for 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the November 2020 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 1 MARRAM CLOSE?

1 MARRAM CLOSE is 86m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 20% of detached houses in Milton Keynes, based on EPC data. The below chart shows the distribution of detached houses by size in Milton Keynes, and where 1 MARRAM CLOSE lies on this distribution: 16% of detached houses are smaller than 1 MARRAM CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

1 MARRAM CLOSE: Plot and Title Map

1 MARRAM CLOSE sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 1 MARRAM 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 1 MARRAM 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 1 MARRAM CLOSE?

1 MARRAM CLOSE is located in BEANHILL, in the MK6 postcode district. The below map shows the position of No. 1 on MARRAM CLOSE.