41, MERMAN RISE, OXLEY PARK, MILTON KEYNES, MK4 4GS - £337,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

41 MERMAN RISE is a midsized detached house of 122m², built sometime between 2003 and 2006, which could now be worth an estimated £411,900. It was last sold for £337,000 in September 2020, which was around 27% below the average September 2020 detached price in the Milton Keynes local authority area. The most recent EPC inspection was January 2020, where the current energy rating was C, and the potential energy rating was B.

41 MERMAN RISE Sold Prices

Land registry data shows two sales for 41 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 41 MERMAN RISE 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 18 SEP	£337,000	£462,607	27% below HPI
2006 30 JUN	£254,995	£265,247	4% below HPI

41 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 41 MERMAN RISE sales from June 2006 and September 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 June 2006 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the September 2020 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 41 MERMAN RISE be worth now?

41 MERMAN RISE might now be worth an estimated £411,900.

This is based on house price inflation of 22.2%, between September 2020 and February 2025, for detached houses, in the Milton Keynes local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.2% inflationary increase is applied to the most recent sale price for 41 MERMAN RISE of £337,000 on 18th September 2020. For the value to have increased from £337,000 to £411,900 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 41 MERMAN RISE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The September 2020 sale price of £337,000 represented a fair market value for the property.
• The size, condition, and specification of 41 MERMAN RISE has not materially changed since September 2020.

How Large is 41 MERMAN RISE?

41 MERMAN RISE is 122m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 50% of detached houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Milton Keynes, and where 41 MERMAN RISE lies on this distribution: 49% of detached houses houses are smaller than 41 MERMAN RISE, and 50% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

41 MERMAN RISE: Plot and Title Map

41 MERMAN RISE sits on a plot of roughly 0.044 of an acre, or 177m². The below map shows the location of 41 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 41 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 41 MERMAN RISE?

41 MERMAN RISE is located in OXLEY PARK, in the MK4 postcode district. The below map shows the position of No. 41 on MERMAN RISE.