5, SHORHAM RISE, TWO MILE ASH, MILTON KEYNES, MK8 8BS - £330,000

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 SHORHAM RISE is a very small detached house of 83m², built sometime between 1983 and 1990. It was last sold for £330,000 in November 2017, which was around 25% below the average November 2017 detached price in the Milton Keynes local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was B.

5 SHORHAM RISE Sold Prices

Land registry data shows two sales for 5 SHORHAM 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 5 SHORHAM 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
2017 2 NOV	£330,000	£440,141	25% below HPI
1997 29 APR	£78,250	£88,171	11% below HPI

5 SHORHAM 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 5 SHORHAM RISE sales from April 1997 and November 2017 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 April 1997 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the November 2017 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 5 SHORHAM RISE?

5 SHORHAM RISE is 83m² according to the EPC inspection conducted in September 2017. 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 5 SHORHAM RISE lies on this distribution: 13% of detached houses are smaller than 5 SHORHAM RISE, and 86% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

5 SHORHAM RISE: Plot and Title Map

5 SHORHAM RISE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 5 SHORHAM 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 5 SHORHAM 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 5 SHORHAM RISE?

5 SHORHAM RISE is located in TWO MILE ASH, in the MK8 postcode district. The below map shows the position of No. 5 on SHORHAM RISE.