15, MERMAN RISE, OXLEY PARK, MILTON KEYNES, MK4 4GS - £447,500

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

15 MERMAN RISE is a midsized extended detached house of 125m², built sometime between 2003 and 2006. It was last sold for £447,500 in April 2018, which was around 2% above the average April 2018 detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was B.

15 MERMAN RISE Sold Prices

Land registry data shows two sales for 15 MERMAN RISE 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 15 MERMAN RISE 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
2018 19 APR	£447,500	£440,402	2% above HPI
2006 23 JUN	£275,000	£256,612	7% above HPI

15 MERMAN RISE 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 15 MERMAN RISE sales from June 2006 and April 2018 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 2006 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the April 2018 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 15 MERMAN RISE?

15 MERMAN RISE is 125m², which includes one extension, according to the EPC inspection conducted in May 2017. This puts it in the largest 50% 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 15 MERMAN RISE lies on this distribution: 52% of detached houses are smaller than 15 MERMAN RISE, and 47% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

15 MERMAN RISE: Plot and Title Map

15 MERMAN RISE sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 15 MERMAN RISE, 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 15 MERMAN RISE). 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 15 MERMAN RISE?

15 MERMAN RISE is located in OXLEY PARK, in the MK4 postcode district. The below map shows the position of No. 15 on MERMAN RISE.