1, MARCONI CLOSE, OAKGROVE, MILTON KEYNES, MK10 9TH - £525,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 MARCONI CLOSE is a large detached house of 154m², which could now be worth an estimated £673,663. It was last sold for £525,000 in February 2019, which was around 19% above the average February 2019 detached price in the Milton Keynes local authority area. The most recent EPC inspection was October 2015, where the current energy rating was B, and the potential energy rating was A.

1 MARCONI CLOSE Sold Prices

Land registry data shows two sales for 1 MARCONI CLOSE 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 1 MARCONI 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
2019 28 FEB	£525,000	£440,647	19% above HPI
2015 9 OCT	£450,000	£392,974	15% above HPI

1 MARCONI 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 two 1 MARCONI CLOSE sales from October 2015 and February 2019 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 October 2015 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the February 2019 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 1 MARCONI CLOSE be worth now?

1 MARCONI CLOSE might now be worth an estimated £673,663.

This is based on house price inflation of 28.3%, between February 2019 and February 2025, for detached houses, in the Milton Keynes local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.3% inflationary increase is applied to the most recent sale price for 1 MARCONI CLOSE of £525,000 on 28th February 2019. For the value to have increased from £525,000 to £673,663 over the six years to February 2025, the following assumptions must hold true:

• The value of 1 MARCONI CLOSE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The February 2019 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MARCONI CLOSE has not materially changed since February 2019.

How Large is 1 MARCONI CLOSE?

1 MARCONI CLOSE is 154m² according to the EPC inspection conducted in October 2015. This puts it in the largest 30% of detached houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Milton Keynes, and where 1 MARCONI CLOSE lies on this distribution: 75% of detached houses houses are smaller than 1 MARCONI CLOSE, and 24% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

1 MARCONI CLOSE: Plot and Title Map

1 MARCONI CLOSE sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 1 MARCONI 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 1 MARCONI 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 1 MARCONI CLOSE?

1 MARCONI CLOSE is located in OAKGROVE, in the MK10 postcode district. The below map shows the position of No. 1 on MARCONI CLOSE.