71, ORIEL CLOSE, WOLVERTON, MILTON KEYNES, MK12 5FE - £275,000

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

71 ORIEL CLOSE is a small detached house of 95m², built sometime between 1996 and 2002. It was last sold for £275,000 in July 2018, which was around 37% below the average July 2018 detached price in the Milton Keynes local authority area. The most recent EPC inspection was October 2023, where the current energy rating was C, and the potential energy rating was B.

71 ORIEL CLOSE Sold Prices

Land registry data shows three sales for 71 ORIEL 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 71 ORIEL 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
2018 27 JUL	£275,000	£439,174	37% below HPI
2011 21 DEC	£167,000	£280,093	40% below HPI
2002 29 AUG	£143,980	£199,243	28% below HPI

71 ORIEL 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 71 ORIEL CLOSE sales between August 2002 and July 2018 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 December 2011 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the July 2018 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 71 ORIEL CLOSE?

71 ORIEL CLOSE is 95m² according to the EPC inspection conducted in October 2023. 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 71 ORIEL CLOSE lies on this distribution: 24% of detached houses are smaller than 71 ORIEL CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

71 ORIEL CLOSE: Plot and Title Map

71 ORIEL CLOSE sits on a plot of roughly 0.029 of an acre, or 118m². The below map shows the location of 71 ORIEL 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 71 ORIEL 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 71 ORIEL CLOSE?

71 ORIEL CLOSE is located in WOLVERTON, in the MK12 postcode district. The below map shows the position of No. 71 on ORIEL CLOSE.