1, MARKENFIELD PLACE, KINGSMEAD, MILTON KEYNES, MK4 4AP - £485,000

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.

1 MARKENFIELD PLACE is a midsized detached house of 117m², built sometime between 1996 and 2002, which could now be worth an estimated £591,357. It was last sold for £485,000 in April 2021, which was around 5% above the average April 2021 detached price in the Milton Keynes local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

1 MARKENFIELD PLACE Sold Prices

Land registry data shows four sales for 1 MARKENFIELD PLACE 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 1 MARKENFIELD PLACE 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
2021 29 APR	£485,000	£463,731	5% above HPI
2006 19 OCT	£288,000	£279,386	3% above HPI
2004 8 APR	£249,000	£244,774	2% above HPI
2000 5 MAY	£167,950	£140,627	19% above HPI

1 MARKENFIELD 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 four 1 MARKENFIELD PLACE sales between May 2000 and April 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 October 2006 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the April 2021 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 1 MARKENFIELD PLACE be worth now?

1 MARKENFIELD PLACE might now be worth an estimated £591,357.

This is based on house price inflation of 21.9%, between April 2021 and February 2025, 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 21.9% inflationary increase is applied to the most recent sale price for 1 MARKENFIELD PLACE of £485,000 on 29th April 2021. For the value to have increased from £485,000 to £591,357 over the four years and two months to February 2025, the following assumptions must hold true:

• The value of 1 MARKENFIELD PLACE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The April 2021 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MARKENFIELD PLACE has not materially changed since April 2021.

How Large is 1 MARKENFIELD PLACE?

1 MARKENFIELD PLACE is 117m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 50% 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 1 MARKENFIELD PLACE lies on this distribution: 44% of detached houses houses are smaller than 1 MARKENFIELD PLACE, and 55% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

1 MARKENFIELD PLACE: Plot and Title Map

1 MARKENFIELD PLACE sits on a plot of roughly 0.074 of an acre, or 301m². The below map shows the location of 1 MARKENFIELD 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 1 MARKENFIELD 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 1 MARKENFIELD PLACE?

1 MARKENFIELD PLACE is located in KINGSMEAD, in the MK4 postcode district. The below map shows the position of No. 1 on MARKENFIELD PLACE.