22, ORIEL CLOSE, WOLVERTON, MILTON KEYNES, MK12 5FE - £235,000

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.

22 ORIEL CLOSE is a very small extended detached house of 65m², built sometime between 2003 and 2006, which could now be worth an estimated £288,356. It was last sold for £235,000 in February 2019, which was around 47% below the average February 2019 detached price in the Milton Keynes local authority area. The most recent EPC inspection was November 2018, where the current energy rating was C, and the potential energy rating was B.

22 ORIEL CLOSE Sold Prices

Land registry data shows three sales for 22 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 22 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
2019 28 FEB	£235,000	£440,647	47% below HPI
2004 30 JUL	£159,500	£257,363	38% below HPI
2003 21 MAR	£125,450	£236,081	47% below HPI

22 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 22 ORIEL CLOSE sales between March 2003 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 July 2004 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the February 2019 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

What might 22 ORIEL CLOSE be worth now?

22 ORIEL CLOSE might now be worth an estimated £288,356.

This is based on house price inflation of 22.7%, between February 2019 and April 2026, 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 22.7% inflationary increase is applied to the most recent sale price for 22 ORIEL CLOSE of £235,000 on 28th February 2019. For the value to have increased from £235,000 to £288,356 over the six years and ten months to April 2026, the following assumptions must hold true:

• The value of 22 ORIEL CLOSE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The February 2019 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 22 ORIEL CLOSE has not materially changed since February 2019.

How Large is 22 ORIEL CLOSE?

22 ORIEL CLOSE is 65m², which includes one extension, according to the EPC inspection conducted in November 2018. This puts it in the smallest 10% 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 22 ORIEL CLOSE lies on this distribution: 3% of detached houses houses are smaller than 22 ORIEL CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

22 ORIEL CLOSE: Plot and Title Map

22 ORIEL CLOSE sits on a plot of roughly 0.045 of an acre, or 183m². The below map shows the location of 22 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 22 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 22 ORIEL CLOSE?

22 ORIEL CLOSE is located in WOLVERTON, in the MK12 postcode district. The below map shows the position of No. 22 on ORIEL CLOSE.