10, RAVEL CLOSE, OLD FARM PARK, MILTON KEYNES, MK7 8EY - £770,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

10 RAVEL CLOSE is a very large extended detached house of 182m², built sometime between 1996 and 2002. It was last sold for £770,000 in November 2022, which was around 44% above the average November 2022 detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was C.

10 RAVEL CLOSE Sold Prices

Land registry data shows two sales for 10 RAVEL 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 Milton Keynes local authority area for the corresponding sale date. Both of the two 10 RAVEL 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
2022 28 NOV	£770,000	£533,322	44% above HPI
2000 31 MAY	£249,950	£136,050	84% above HPI

10 RAVEL 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 two 10 RAVEL CLOSE sales from May 2000 and November 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 May 2000 sale was for 84% above the HPI. So the extrapolation line tracks at 84% above the HPI over time, until the November 2022 sale, where it falls to 44% above the HPI. The line then continues to track at 44% above the HPI.

How Large is 10 RAVEL CLOSE?

10 RAVEL CLOSE is 182m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the largest 20% 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 10 RAVEL CLOSE lies on this distribution: 87% of detached houses are smaller than 10 RAVEL CLOSE, and 13% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

10 RAVEL CLOSE: Plot and Title Map

10 RAVEL CLOSE sits on a plot of roughly 0.125 of an acre, or 504m². The below map shows the location of 10 RAVEL 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 10 RAVEL 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 10 RAVEL CLOSE?

10 RAVEL CLOSE is located in OLD FARM PARK, in the MK7 postcode district. The below map shows the position of No. 10 on RAVEL CLOSE.