12, BROXBOURNE CLOSE, GIFFARD PARK, MILTON KEYNES, MK14 5JP - £275,000

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.

12 BROXBOURNE CLOSE is a very small detached house of 88m², built sometime between 1983 and 1990, which could now be worth an estimated £352,871. It was last sold for £275,000 in February 2019, which was around 38% below the average February 2019 detached price in the Milton Keynes local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was B.

12 BROXBOURNE CLOSE Sold Prices

Land registry data shows two sales for 12 BROXBOURNE 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 12 BROXBOURNE 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
2019 7 FEB	£275,000	£440,647	38% below HPI
2002 7 MAY	£132,000	£187,387	30% below HPI

12 BROXBOURNE 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 12 BROXBOURNE CLOSE sales from May 2002 and February 2019 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 May 2002 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the February 2019 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 12 BROXBOURNE CLOSE be worth now?

12 BROXBOURNE CLOSE might now be worth an estimated £352,871.

This is based on house price inflation of 28.3%, between February 2019 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 28.3% inflationary increase is applied to the most recent sale price for 12 BROXBOURNE CLOSE of £275,000 on 7th February 2019. For the value to have increased from £275,000 to £352,871 over the six years to February 2025, the following assumptions must hold true:

• The value of 12 BROXBOURNE CLOSE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The February 2019 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 12 BROXBOURNE CLOSE has not materially changed since February 2019.

How Large is 12 BROXBOURNE CLOSE?

12 BROXBOURNE CLOSE is 88m² according to the EPC inspection conducted in April 2018. This puts it in the smallest 20% 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 12 BROXBOURNE CLOSE lies on this distribution: 18% of detached houses houses are smaller than 12 BROXBOURNE CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

12 BROXBOURNE CLOSE: Plot and Title Map

12 BROXBOURNE CLOSE sits on a plot of roughly 0.102 of an acre, or 411m². The below map shows the location of 12 BROXBOURNE 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 12 BROXBOURNE 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 12 BROXBOURNE CLOSE?

12 BROXBOURNE CLOSE is located in GIFFARD PARK, in the MK14 postcode district. The below map shows the position of No. 12 on BROXBOURNE CLOSE.