5, MERCHANT PLACE, MIDDLETON, MILTON KEYNES, MK10 9JL - £346,500

5 MERCHANT PLACE is a very small detached house of 82m², built sometime between 1996 and 2002. It was last sold for £346,500 in July 2016, which was around 17% below the average July 2016 detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

5 MERCHANT PLACE Sold Prices

Land registry data shows three sales for 5 MERCHANT PLACE 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 5 MERCHANT PLACE 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
2016 22 JUL	£346,500	£415,310	17% below HPI
2006 1 DEC	£249,995	£272,536	8% below HPI
2002 28 FEB	£141,950	£175,387	19% below HPI

5 MERCHANT PLACE 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 5 MERCHANT PLACE sales between February 2002 and July 2016 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 December 2006 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the July 2016 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 5 MERCHANT PLACE?

5 MERCHANT PLACE is 82m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 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 5 MERCHANT PLACE lies on this distribution: 13% of detached houses are smaller than 5 MERCHANT PLACE, and 87% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

5 MERCHANT PLACE: Plot and Title Map

5 MERCHANT PLACE sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of 5 MERCHANT PLACE, 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 5 MERCHANT PLACE). 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 5 MERCHANT PLACE?

5 MERCHANT PLACE is located in MIDDLETON, in the MK10 postcode district. The below map shows the position of No. 5 on MERCHANT PLACE.