1, LAMB CLOSE, NEWPORT PAGNELL, MK16 8QB - £335,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 LAMB CLOSE is a very small detached house of 70m², built sometime between 1976 and 1982. It was last sold for £335,000 in July 2021, which was around 27% below the average July 2021 detached price in the Milton Keynes local authority area. The most recent EPC inspection was February 2021, where the current energy rating was D, and the potential energy rating was B.

1 LAMB CLOSE Sold Prices

Land registry data shows two sales for 1 LAMB CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. Both of the two 1 LAMB 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
2021 29 JUL	£335,000	£461,183	27% below HPI
2011 9 SEP	£237,500	£280,607	15% below HPI

1 LAMB 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 two 1 LAMB CLOSE sales from September 2011 and July 2021 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 2011 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the July 2021 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 1 LAMB CLOSE?

1 LAMB CLOSE is 70m² according to the EPC inspection conducted in February 2021. This puts it in the smallest 10% of detached houses in Newport Pagnell, based on EPC data. The below chart shows the distribution of detached houses by size in Newport Pagnell, and where 1 LAMB CLOSE lies on this distribution: 7% of detached houses are smaller than 1 LAMB CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Newport Pagnell.

1 LAMB CLOSE: Plot and Title Map

1 LAMB CLOSE sits on a plot of roughly 0.110 of an acre, or 443m². The below map shows the location of 1 LAMB 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 1 LAMB 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 1 LAMB CLOSE?

1 LAMB CLOSE is located in NEWPORT PAGNELL, in the MK16 postcode district. The below map shows the position of No. 1 on LAMB CLOSE.