16, ORIEL CLOSE, WOLVERTON, MILTON KEYNES, MK12 5FE - £299,000

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 ORIEL CLOSE is a small detached house of 102m², built sometime between 1996 and 2002. It was last sold for £299,000 in March 2023, which was around 42% below the average March 2023 detached price in the Milton Keynes local authority area. The most recent EPC inspection was November 2013, where the current energy rating was C, and the potential energy rating was B.

16 ORIEL CLOSE Sold Prices

Land registry data shows three sales for 16 ORIEL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the three 16 ORIEL 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
2023 17 MAR	£299,000	£512,125	42% below HPI
2006 13 JUN	£164,950	£256,612	36% below HPI
2002 21 JUN	£139,950	£186,552	25% below HPI

16 ORIEL 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 three 16 ORIEL CLOSE sales between June 2002 and March 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 2006 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the March 2023 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 16 ORIEL CLOSE?

16 ORIEL CLOSE is 102m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 40% 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 ORIEL CLOSE lies on this distribution: 30% of detached houses are smaller than 16 ORIEL CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

16 ORIEL CLOSE: Plot and Title Map

16 ORIEL CLOSE sits on a plot of roughly 0.024 of an acre, or 99m². The below map shows the location of 16 ORIEL 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 16 ORIEL 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 16 ORIEL CLOSE?

16 ORIEL CLOSE is located in WOLVERTON, in the MK12 postcode district. The below map shows the position of No. 16 on ORIEL CLOSE.