11, BALSAM CLOSE, WALNUT TREE, MILTON KEYNES, MK7 7NB - £245,000

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

11 BALSAM CLOSE is a midsized detached house of 119m², built sometime between 1996 and 2002. It was last sold for £245,000 in January 2011, which was around 11% below the average January 2011 detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2010, where the current energy rating was D, and the potential energy rating was C.

11 BALSAM CLOSE Sold Prices

Land registry data shows two sales for 11 BALSAM 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 11 BALSAM 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
2011 28 JAN	£245,000	£275,860	11% below HPI
2005 22 APR	£230,000	£250,951	8% below HPI

11 BALSAM 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 11 BALSAM CLOSE sales from April 2005 and January 2011 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 April 2005 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the January 2011 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 11 BALSAM CLOSE?

11 BALSAM CLOSE is 119m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 50% 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 11 BALSAM CLOSE lies on this distribution: 46% of detached houses are smaller than 11 BALSAM CLOSE, and 54% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

11 BALSAM CLOSE: Plot and Title Map

11 BALSAM CLOSE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 11 BALSAM 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 11 BALSAM 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 11 BALSAM CLOSE?

11 BALSAM CLOSE is located in WALNUT TREE, in the MK7 postcode district. The below map shows the position of No. 11 on BALSAM CLOSE.