12, PENN ROAD, BLETCHLEY, MILTON KEYNES, MK2 2AU - £360,000

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

12 PENN ROAD is a large extended detached house of 142m², built sometime between 1983 and 1990. It was last sold for £360,000 in April 2021, which was around 20% below the average April 2021 detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was C.

12 PENN ROAD Sold Prices

Land registry data shows two sales for 12 PENN ROAD 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 PENN ROAD 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 26 APR	£360,000	£448,635	20% below HPI
2013 18 MAR	£232,000	£284,452	18% below HPI

12 PENN ROAD 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 PENN ROAD sales from March 2013 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 March 2013 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the April 2021 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 12 PENN ROAD?

12 PENN ROAD is 142m², which includes one extension, according to the EPC inspection conducted in May 2011. This puts it in the largest 30% of detached houses in Bletchley, based on EPC data. The below chart shows the distribution of detached houses by size in Bletchley, and where 12 PENN ROAD lies on this distribution: 76% of detached houses are smaller than 12 PENN ROAD, and 24% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

12 PENN ROAD: Plot and Title Map

12 PENN ROAD sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 12 PENN ROAD, 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 PENN ROAD). 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 PENN ROAD?

12 PENN ROAD is located in BLETCHLEY, in the MK2 postcode district. The below map shows the position of No. 12 on PENN ROAD.