1, ORIEL CLOSE, WOLVERTON, MILTON KEYNES, MK12 5FE - £250,000

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 ORIEL CLOSE is a very small detached house of 70m², built sometime between 2007 and 2011. It was last sold for £250,000 in November 2021, which was around 48% below the average November 2021 detached price in the Milton Keynes local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was C.

1 ORIEL CLOSE Sold Prices

Land registry data shows three sales for 1 ORIEL 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 ORIEL 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
2021 3 NOV	£250,000	£479,135	48% below HPI
2003 21 NOV	£130,000	£237,906	45% below HPI
2002 28 JUN	£116,950	£186,552	37% below HPI

1 ORIEL 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 ORIEL CLOSE sales between June 2002 and November 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 2003 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the November 2021 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is 1 ORIEL CLOSE?

1 ORIEL CLOSE is 70m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 10% 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 ORIEL CLOSE lies on this distribution: 5% of detached houses are smaller than 1 ORIEL CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

1 ORIEL CLOSE: Plot and Title Map

1 ORIEL CLOSE sits on a plot of roughly 0.044 of an acre, or 178m². The below map shows the location of 1 ORIEL 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 ORIEL 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 ORIEL CLOSE?

1 ORIEL CLOSE is located in WOLVERTON, in the MK12 postcode district. The below map shows the position of No. 1 on ORIEL CLOSE.