14, RAVEL CLOSE, OLD FARM PARK, MILTON KEYNES, MK7 8EY - £500,000

14 RAVEL CLOSE is a very large extended detached house of 236m², built sometime between 1996 and 2002. It was last sold for £500,000 in October 2013, which was around 69% above the average October 2013 detached price in the Milton Keynes local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was C.

14 RAVEL CLOSE Sold Prices

Land registry data shows three sales for 14 RAVEL 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 14 RAVEL 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
2013 15 OCT	£500,000	£295,858	69% above HPI
2006 5 SEP	£390,000	£268,453	45% above HPI
2000 30 JUN	£242,950	£138,476	75% above HPI

14 RAVEL 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 14 RAVEL CLOSE sales between June 2000 and October 2013 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 September 2006 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the October 2013 sale, where it rises to 69% above the HPI. The line then continues to track at 69% above the HPI.

How Large is 14 RAVEL CLOSE?

14 RAVEL CLOSE is 236m², which includes three extensions, according to the EPC inspection conducted in February 2013. This puts it in the largest 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 14 RAVEL CLOSE lies on this distribution: 96% of detached houses are smaller than 14 RAVEL CLOSE, and 4% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

14 RAVEL CLOSE: Plot and Title Map

14 RAVEL CLOSE sits on a plot of roughly 0.128 of an acre, or 520m². The below map shows the location of 14 RAVEL 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 14 RAVEL 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 14 RAVEL CLOSE?

14 RAVEL CLOSE is located in OLD FARM PARK, in the MK7 postcode district. The below map shows the position of No. 14 on RAVEL CLOSE.