7, TAVERNER CLOSE, OLD FARM PARK, MILTON KEYNES, MK7 8PJ - £272,500

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

7 TAVERNER CLOSE is a midsized extended detached house of 119m², built sometime between 1996 and 2002. It was last sold for £272,500 in January 2014, which was around 9% below the average January 2014 detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2013, where the current energy rating was C, and the potential energy rating was B.

7 TAVERNER CLOSE Sold Prices

Land registry data shows four sales for 7 TAVERNER 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. All of the four 7 TAVERNER 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 3 JAN	£272,500	£298,446	9% below HPI
2005 12 MAY	£221,000	£254,694	13% below HPI
2000 22 SEP	£130,000	£145,865	11% below HPI
1998 30 OCT	£99,995	£106,585	6% below HPI

7 TAVERNER 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 7 TAVERNER CLOSE sales between October 1998 and January 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 May 2005 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the January 2014 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 7 TAVERNER CLOSE?

7 TAVERNER CLOSE is 119m², which includes one extension, according to the EPC inspection conducted in May 2013. This puts it in the smallest 50% 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 7 TAVERNER CLOSE lies on this distribution: 46% of detached houses are smaller than 7 TAVERNER CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

7 TAVERNER CLOSE: Plot and Title Map

7 TAVERNER CLOSE sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 7 TAVERNER 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 7 TAVERNER 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 7 TAVERNER CLOSE?

7 TAVERNER CLOSE is located in OLD FARM PARK, in the MK7 postcode district. The below map shows the position of No. 7 on TAVERNER CLOSE.