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

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.

17 ORIEL CLOSE is a very small terraced house of 68m², built sometime between 1996 and 2002, which could now be worth an estimated £348,467. It was last sold for £275,000 in July 2017, which was around 29% above the average July 2017 terraced price in the Milton Keynes local authority area. The most recent EPC inspection was May 2010, where the current energy rating was C, and the potential energy rating was C.

17 ORIEL CLOSE Sold Prices

Land registry data shows four sales for 17 ORIEL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Milton Keynes local authority area for the corresponding sale date. All of the four 17 ORIEL 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
2017 17 JUL	£275,000	£213,662	29% above HPI
2012 29 NOV	£177,000	£143,205	24% above HPI
2006 22 DEC	£180,000	£142,261	27% above HPI
2002 31 MAY	£139,950	£81,972	71% above HPI

17 ORIEL CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Milton Keynes local authority area over time, sourced from the HPI. The four 17 ORIEL CLOSE sales between May 2002 and July 2017 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 November 2012 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the July 2017 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 17 ORIEL CLOSE be worth now?

17 ORIEL CLOSE might now be worth an estimated £348,467.

This is based on house price inflation of 26.7%, between July 2017 and March 2026, for terraced 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 26.7% inflationary increase is applied to the most recent sale price for 17 ORIEL CLOSE of £275,000 on 17th July 2017. For the value to have increased from £275,000 to £348,467 over the nine years and four months to March 2026, the following assumptions must hold true:

• The value of 17 ORIEL CLOSE has moved in line with the HPI for terraced houses in the Milton Keynes local authority area.
• The July 2017 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 17 ORIEL CLOSE has not materially changed since July 2017.

How Large is 17 ORIEL CLOSE?

17 ORIEL CLOSE is 68m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 10% of terraced houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Milton Keynes, and where 17 ORIEL CLOSE lies on this distribution: 4% of terraced houses houses are smaller than 17 ORIEL CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

17 ORIEL CLOSE: Plot and Title Map

17 ORIEL CLOSE sits on a plot of roughly 0.024 of an acre, or 98m². The below map shows the location of 17 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 17 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 17 ORIEL CLOSE?

17 ORIEL CLOSE is located in WOLVERTON, in the MK12 postcode district. The below map shows the position of No. 17 on ORIEL CLOSE.