12, OTTER CLOSE, BLETCHLEY, MILTON KEYNES, MK3 7QP - £610,000

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

12 OTTER CLOSE is a large detached house of 131m², built sometime between 1976 and 1982. It was last sold for £610,000 in January 2023, which was around 16% above the average January 2023 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 B.

12 OTTER CLOSE Sold Prices

Land registry data shows four sales for 12 OTTER CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. two of the four 12 OTTER CLOSE sales were for above the average price, and four 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
2023 20 JAN	£610,000	£526,130	16% above HPI
2013 19 JUN	£349,000	£290,128	20% above HPI
2008 8 FEB	£290,000	£299,126	3% below HPI
2005 22 DEC	£244,000	£251,356	3% below HPI

12 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 four 12 OTTER CLOSE sales between December 2005 and January 2023 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 June 2013 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the January 2023 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is 12 OTTER CLOSE?

12 OTTER CLOSE is 131m² according to the EPC inspection conducted in May 2022. This puts it in the largest 30% of detached houses in Bletchley, based on EPC data. The below chart shows the distribution of detached houses by size in Bletchley, and where 12 OTTER CLOSE lies on this distribution: 71% of detached houses are smaller than 12 OTTER CLOSE, and 29% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

12 OTTER CLOSE: Plot and Title Map

12 OTTER CLOSE sits on a plot of roughly 0.154 of an acre, or 624m². The below map shows the location of 12 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 12 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 12 OTTER CLOSE?

12 OTTER CLOSE is located in BLETCHLEY, in the MK3 postcode district. The below map shows the position of No. 12 on OTTER CLOSE.