1, RABANS CLOSE, OLNEY, MK46 5NG - £420,000

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 RABANS CLOSE is a very large detached house of 189m², built sometime between 2003 and 2006. It was last sold for £420,000 in December 2009, which was around 60% above the average December 2009 detached price in the Milton Keynes local authority area. The most recent EPC inspection was April 2009, where the current energy rating was C, and the potential energy rating was C.

1 RABANS CLOSE Sold Prices

Land registry data shows three sales for 1 RABANS 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 RABANS 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
2009 4 DEC	£420,000	£262,248	60% above HPI
2008 7 NOV	£475,000	£259,592	83% above HPI
2006 21 DEC	£430,000	£272,536	58% above HPI

1 RABANS 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 RABANS CLOSE sales between December 2006 and December 2009 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 2008 sale was for 83% above the HPI. So the extrapolation line tracks at 83% above the HPI over time, until the December 2009 sale, where it falls to 60% above the HPI. The line then continues to track at 60% above the HPI.

How Large is 1 RABANS CLOSE?

1 RABANS CLOSE is 189m² according to the EPC inspection conducted in April 2009. This puts it in the largest 20% of detached houses in Olney, based on EPC data. The below chart shows the distribution of detached houses by size in Olney, and where 1 RABANS CLOSE lies on this distribution: 90% of detached houses are smaller than 1 RABANS CLOSE, and 10% of houses are larger. Note that EPC data is not available for all properties in Olney.

1 RABANS CLOSE: Plot and Title Map

1 RABANS CLOSE sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of 1 RABANS 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 RABANS 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 RABANS CLOSE?

1 RABANS CLOSE is located in OLNEY, in the MK46 postcode district. The below map shows the position of No. 1 on RABANS CLOSE.