16, MERMAN RISE, OXLEY PARK, MILTON KEYNES, MK4 4GS - £500,000

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

16 MERMAN RISE is a large detached house of 158m², built sometime between 2003 and 2006. It was last sold for £500,000 in June 2021, which was around 10% above the average June 2021 detached price in the Milton Keynes local authority area. The most recent EPC inspection was January 2021, where the current energy rating was C, and the potential energy rating was B.

16 MERMAN RISE Sold Prices

Land registry data shows two sales for 16 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 16 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
2021 23 JUN	£500,000	£452,914	10% above HPI
2006 28 APR	£329,995	£252,926	30% above HPI

16 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 16 MERMAN RISE sales from April 2006 and June 2021 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 April 2006 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the June 2021 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 16 MERMAN RISE?

16 MERMAN RISE is 158m² according to the EPC inspection conducted in January 2021. This puts it in the largest 30% 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 16 MERMAN RISE lies on this distribution: 77% of detached houses are smaller than 16 MERMAN RISE, and 23% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

16 MERMAN RISE: Plot and Title Map

16 MERMAN RISE sits on a plot of roughly 0.079 of an acre, or 320m². The below map shows the location of 16 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 16 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 16 MERMAN RISE?

16 MERMAN RISE is located in OXLEY PARK, in the MK4 postcode district. The below map shows the position of No. 16 on MERMAN RISE.