1, SILK CLOSE, BUCKINGHAM, MK18 7RF - £470,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 SILK CLOSE is a midsized extended detached house of 125m², built sometime from 2012 onwards, which could now be worth an estimated £479,157. It was last sold for £470,000 in May 2022, which was around 42% below the average May 2022 detached price in the Buckinghamshire local authority area. The most recent EPC inspection was May 2024, where the current energy rating was C, and the potential energy rating was B.

1 SILK CLOSE Sold Prices

Land registry data shows two sales for 1 SILK 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 SILK 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
2022 5 MAY	£470,000	£816,159	42% below HPI
2013 17 DEC	£336,850	£540,091	38% below HPI

1 SILK 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 SILK CLOSE sales from December 2013 and May 2022 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 December 2013 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the May 2022 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 1 SILK CLOSE be worth now?

1 SILK CLOSE might now be worth an estimated £479,157.

This is based on house price inflation of 1.9%, between May 2022 and December 2024, 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 1.9% inflationary increase is applied to the most recent sale price for 1 SILK CLOSE of £470,000 on 5th May 2022. For the value to have increased from £470,000 to £479,157 over the one year and five months to December 2024, the following assumptions must hold true:

• The value of 1 SILK CLOSE has moved in line with the HPI for detached houses in the Buckinghamshire local authority area.
• The May 2022 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of 1 SILK CLOSE has not materially changed since May 2022.

How Large is 1 SILK CLOSE?

1 SILK CLOSE is 125m², which includes one extension, according to the EPC inspection conducted in May 2024. This puts it in the largest 50% of detached houses houses in Buckingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Buckingham, and where 1 SILK CLOSE lies on this distribution: 53% of detached houses houses are smaller than 1 SILK CLOSE, and 47% of houses are larger. Note that EPC data is not available for all properties in Buckingham.

1 SILK CLOSE: Plot and Title Map

1 SILK CLOSE sits on a plot of roughly 4.3 acres, or 17,302m². The below map shows the location of 1 SILK 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 SILK 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 SILK CLOSE?

1 SILK CLOSE is located in BUCKINGHAM, in the MK18 postcode district. The below map shows the position of No. 1 on SILK CLOSE.