16, RAYLEIGH CLOSE, SHENLEY CHURCH END, MILTON KEYNES, MK5 6ET - £367,521

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 RAYLEIGH CLOSE is a very small extended detached house of 85m², built sometime between 1983 and 1990. It was last sold for £367,521 in June 2021, which was around 19% below the average June 2021 detached price in the Milton Keynes local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was C.

16 RAYLEIGH CLOSE Sold Prices

Land registry data shows three sales for 16 RAYLEIGH 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 RAYLEIGH 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
2021 24 JUN	£367,521	£452,914	19% below HPI
2012 21 SEP	£233,000	£291,714	20% below HPI
1999 17 MAY	£88,000	£112,191	22% below HPI

16 RAYLEIGH 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 RAYLEIGH CLOSE sales between May 1999 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 September 2012 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the June 2021 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 16 RAYLEIGH CLOSE?

16 RAYLEIGH CLOSE is 85m², which includes one extension, according to the EPC inspection conducted in June 2012. This puts it in the smallest 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 16 RAYLEIGH CLOSE lies on this distribution: 15% of detached houses are smaller than 16 RAYLEIGH CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

16 RAYLEIGH CLOSE: Plot and Title Map

16 RAYLEIGH CLOSE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 16 RAYLEIGH 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 RAYLEIGH 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 RAYLEIGH CLOSE?

16 RAYLEIGH CLOSE is located in SHENLEY CHURCH END, in the MK5 postcode district. The below map shows the position of No. 16 on RAYLEIGH CLOSE.