1, OTTER CLOSE, BLETCHLEY, MILTON KEYNES, MK3 7QP - £280,000

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 OTTER CLOSE is a very large extended detached house of 167m², built sometime between 1983 and 1990. It was last sold for £280,000 in February 2004, which was around 18% above the average February 2004 detached price in the Milton Keynes local authority area. The most recent EPC inspection was September 2017, where the current energy rating was C, and the potential energy rating was B.

1 OTTER CLOSE Sold Prices

Land registry data shows three sales for 1 OTTER 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 OTTER CLOSE 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
2004 5 FEB	£280,000	£236,443	18% above HPI
2002 8 FEB	£218,000	£175,387	24% above HPI
2000 18 JAN	£170,000	£126,282	35% above HPI

1 OTTER 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 OTTER CLOSE sales between January 2000 and February 2004 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 2002 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the February 2004 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 1 OTTER CLOSE?

1 OTTER CLOSE is 167m², which includes one extension, according to the EPC inspection conducted in September 2017. This puts it in the largest 20% of detached houses in Bletchley, based on EPC data. The below chart shows the distribution of detached houses by size in Bletchley, and where 1 OTTER CLOSE lies on this distribution: 89% of detached houses are smaller than 1 OTTER CLOSE, and 11% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

1 OTTER CLOSE: Plot and Title Map

1 OTTER CLOSE sits on a plot of roughly 0.130 of an acre, or 526m². The below map shows the location of 1 OTTER 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 OTTER 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 OTTER CLOSE?

1 OTTER CLOSE is located in BLETCHLEY, in the MK3 postcode district. The below map shows the position of No. 1 on OTTER CLOSE.