4, MORRELL CLOSE, SHENLEY CHURCH END, MILTON KEYNES, MK5 6DT - £237,000

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

4 MORRELL CLOSE is a small extended detached house of 111m², built sometime between 1983 and 1990. It was last sold for £237,000 in January 2013, which was around 17% below the average January 2013 detached price in the Milton Keynes local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was C.

4 MORRELL CLOSE Sold Prices

Land registry data shows two sales for 4 MORRELL 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 4 MORRELL 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
2013 30 JAN	£237,000	£284,119	17% below HPI
1996 29 JUL	£80,500	£86,052	6% below HPI

4 MORRELL 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 4 MORRELL CLOSE sales from July 1996 and January 2013 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 July 1996 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the January 2013 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 4 MORRELL CLOSE?

4 MORRELL CLOSE is 111m², which includes one extension, according to the EPC inspection conducted in October 2022. 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 4 MORRELL CLOSE lies on this distribution: 38% of detached houses are smaller than 4 MORRELL CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

4 MORRELL CLOSE: Plot and Title Map

4 MORRELL CLOSE sits on a plot of roughly 0.068 of an acre, or 273m². The below map shows the location of 4 MORRELL 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 4 MORRELL 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 4 MORRELL CLOSE?

4 MORRELL CLOSE is located in SHENLEY CHURCH END, in the MK5 postcode district. The below map shows the position of No. 4 on MORRELL CLOSE.