5, SOAMES CLOSE, LAVENDON, OLNEY, MK46 4EJ - £505,000

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

5 SOAMES CLOSE is a midsized detached house of 114m², built sometime between 2003 and 2006. It was last sold for £505,000 in January 2023, which was around 4% below the average January 2023 detached price in the Milton Keynes local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

5 SOAMES CLOSE Sold Prices

Land registry data shows four sales for 5 SOAMES CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. Most of the four 5 SOAMES CLOSE sales were for above 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
2023 20 JAN	£505,000	£526,130	4% below HPI
2020 14 AUG	£480,000	£438,618	9% above HPI
2011 5 AUG	£325,000	£274,817	18% above HPI
2004 18 MAY	£300,000	£240,853	25% above HPI

5 SOAMES 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 four 5 SOAMES CLOSE sales between May 2004 and January 2023 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 August 2020 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the January 2023 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 5 SOAMES CLOSE?

5 SOAMES CLOSE is 114m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 50% of detached houses in Lavendon, based on EPC data. The below chart shows the distribution of detached houses by size in Lavendon, and where 5 SOAMES CLOSE lies on this distribution: 41% of detached houses are smaller than 5 SOAMES CLOSE, and 58% of houses are larger. Note that EPC data is not available for all properties in Lavendon.

5 SOAMES CLOSE: Plot and Title Map

5 SOAMES CLOSE sits on a plot of roughly 0.106 of an acre, or 430m². The below map shows the location of 5 SOAMES 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 SOAMES 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 SOAMES CLOSE?

5 SOAMES CLOSE is located in LAVENDON, in the MK46 postcode district. The below map shows the position of No. 5 on SOAMES CLOSE.