1, ORKNEY CLOSE, STEWKLEY, LEIGHTON BUZZARD, LU7 0JF - £415,000

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.

1 ORKNEY CLOSE is a midsized extended detached house of 143m², built sometime between 1967 and 1975, which could now be worth an estimated £478,530. It was last sold for £415,000 in February 2020, which was around 43% below the average February 2020 detached price in the Buckinghamshire local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was B.

1 ORKNEY CLOSE Sold Prices

Land registry data shows two sales for 1 ORKNEY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Buckinghamshire local authority area for the corresponding sale date. Both of the two 1 ORKNEY 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 12 FEB	£415,000	£733,850	43% below HPI
2007 14 MAY	£150,000	£480,561	69% below HPI

1 ORKNEY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Buckinghamshire local authority area over time, sourced from the HPI. The two 1 ORKNEY CLOSE sales from May 2007 and February 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 May 2007 sale was for 69% below the HPI. So the extrapolation line tracks at 69% below the HPI over time, until the February 2020 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 1 ORKNEY CLOSE be worth now?

1 ORKNEY CLOSE might now be worth an estimated £478,530.

This is based on house price inflation of 15.3%, between February 2020 and February 2025, for detached houses, in the Buckinghamshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.3% inflationary increase is applied to the most recent sale price for 1 ORKNEY CLOSE of £415,000 on 12th February 2020. For the value to have increased from £415,000 to £478,530 over the five years to February 2025, the following assumptions must hold true:

• The value of 1 ORKNEY CLOSE has moved in line with the HPI for detached houses in the Buckinghamshire local authority area.
• The February 2020 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of 1 ORKNEY CLOSE has not materially changed since February 2020.

How Large is 1 ORKNEY CLOSE?

1 ORKNEY CLOSE is 143m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the largest 50% of detached houses houses in Stewkley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stewkley, and where 1 ORKNEY CLOSE lies on this distribution: 51% of detached houses houses are smaller than 1 ORKNEY CLOSE, and 47% of houses are larger. Note that EPC data is not available for all properties in Stewkley.

1 ORKNEY CLOSE: Plot and Title Map

1 ORKNEY CLOSE sits on a plot of roughly 0.093 of an acre, or 378m². The below map shows the location of 1 ORKNEY 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 ORKNEY 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 ORKNEY CLOSE?

1 ORKNEY CLOSE is located in STEWKLEY, in the LU7 postcode district. The below map shows the position of No. 1 on ORKNEY CLOSE.