4, RAVEL CLOSE, OLD FARM PARK, MILTON KEYNES, MK7 8EY - £747,500

4 RAVEL CLOSE is a very large detached house of 182m², built sometime between 1996 and 2002. It was last sold for £747,500 in August 2022, which was around 45% above the average August 2022 detached price in the Milton Keynes local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was C.

4 RAVEL CLOSE Sold Prices

Land registry data shows four sales for 4 RAVEL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the four 4 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
2022 8 AUG	£747,500	£515,890	45% above HPI
2014 6 FEB	£500,000	£301,268	66% above HPI
2006 17 MAR	£397,500	£254,802	56% above HPI
1998 7 AUG	£223,950	£106,595	110% above HPI

4 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 four 4 RAVEL CLOSE sales between August 1998 and August 2022 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 February 2014 sale was for 66% above the HPI. So the extrapolation line tracks at 66% above the HPI over time, until the August 2022 sale, where it falls to 45% above the HPI. The line then continues to track at 45% above the HPI.

How Large is 4 RAVEL CLOSE?

4 RAVEL CLOSE is 182m² according to the EPC inspection conducted in November 2013. This puts it in the largest 20% 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 4 RAVEL CLOSE lies on this distribution: 86% of detached houses are smaller than 4 RAVEL CLOSE, and 13% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

4 RAVEL CLOSE: Plot and Title Map

4 RAVEL CLOSE sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of 4 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 4 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 4 RAVEL CLOSE?

4 RAVEL CLOSE is located in OLD FARM PARK, in the MK7 postcode district. The below map shows the position of No. 4 on RAVEL CLOSE.