8, OAKRIDGE, FURZTON, MILTON KEYNES, MK4 1AZ - £183,000

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

8 OAKRIDGE is a very small detached house of 38m², built sometime between 1983 and 1990. It was last sold for £183,000 in June 2018, which was around 58% below the average June 2018 detached price in the Milton Keynes local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was B.

8 OAKRIDGE Sold Prices

Land registry data shows three sales for 8 OAKRIDGE 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 8 OAKRIDGE 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 8 JUN	£183,000	£440,071	58% below HPI
2016 20 DEC	£145,000	£410,768	65% below HPI
2002 10 MAY	£64,000	£181,287	65% below HPI

8 OAKRIDGE 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 8 OAKRIDGE sales between May 2002 and June 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 2016 sale was for 65% below the HPI. So the extrapolation line tracks at 65% below the HPI over time, until the June 2018 sale, where it rises to 58% below the HPI. The line then continues to track at 58% below the HPI.

How Large is 8 OAKRIDGE?

8 OAKRIDGE is 38m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 10% 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 8 OAKRIDGE lies on this distribution: Less than 1% of detached houses are smaller than 8 OAKRIDGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

8 OAKRIDGE: Plot and Title Map

8 OAKRIDGE sits on a plot of roughly 0.020 of an acre, or 81m². The below map shows the location of 8 OAKRIDGE, 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 8 OAKRIDGE). 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 8 OAKRIDGE?

8 OAKRIDGE is located in FURZTON, in the MK4 postcode district. The below map shows the position of No. 8 on OAKRIDGE.