3, RAYLEIGH CLOSE, SHENLEY CHURCH END, MILTON KEYNES, MK5 6ET - £345,000

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

3 RAYLEIGH CLOSE is a very small extended detached house of 72m², built sometime between 1983 and 1990. It was last sold for £345,000 in October 2020, which was around 22% below the average October 2020 detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was C.

3 RAYLEIGH CLOSE Sold Prices

Land registry data shows two sales for 3 RAYLEIGH CLOSE 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 3 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
2020 8 OCT	£345,000	£444,494	22% below HPI
2017 22 SEP	£325,000	£433,212	25% below HPI

3 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 two 3 RAYLEIGH CLOSE sales from September 2017 and October 2020 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 2017 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the October 2020 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 3 RAYLEIGH CLOSE?

3 RAYLEIGH CLOSE is 72m², which includes one extension, according to the EPC inspection conducted in May 2017. This puts it in the smallest 10% 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 3 RAYLEIGH CLOSE lies on this distribution: 6% of detached houses are smaller than 3 RAYLEIGH CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

3 RAYLEIGH CLOSE: Plot and Title Map

3 RAYLEIGH CLOSE sits on a plot of roughly 0.076 of an acre, or 309m². The below map shows the location of 3 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 3 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 3 RAYLEIGH CLOSE?

3 RAYLEIGH CLOSE is located in SHENLEY CHURCH END, in the MK5 postcode district. The below map shows the position of No. 3 on RAYLEIGH CLOSE.