5, MORRELL CLOSE, SHENLEY CHURCH END, MILTON KEYNES, MK5 6DT - £278,000

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

5 MORRELL CLOSE is a small detached house of 99m², built sometime between 1983 and 1990. It was last sold for £278,000 in August 2014, which was around 17% below the average August 2014 detached price in the Milton Keynes local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

5 MORRELL CLOSE Sold Prices

Land registry data shows three sales for 5 MORRELL 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 5 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
2014 4 AUG	£278,000	£335,787	17% below HPI
2003 28 MAR	£189,995	£228,396	17% below HPI
1997 12 SEP	£86,500	£95,580	10% below HPI

5 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 three 5 MORRELL CLOSE sales between September 1997 and August 2014 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 March 2003 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the August 2014 sale, which was also at 17% below the HPI.

How Large is 5 MORRELL CLOSE?

5 MORRELL CLOSE is 99m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 30% 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 5 MORRELL CLOSE lies on this distribution: 28% of detached houses are smaller than 5 MORRELL CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

5 MORRELL CLOSE: Plot and Title Map

5 MORRELL CLOSE sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 5 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 5 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 5 MORRELL CLOSE?

5 MORRELL CLOSE is located in SHENLEY CHURCH END, in the MK5 postcode district. The below map shows the position of No. 5 on MORRELL CLOSE.