14B, PROSPECT ROAD, STONY STRATFORD, MILTON KEYNES, MK11 1BL - £450,000

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

14B PROSPECT ROAD is a very small detached house of 85m², built in 2019. It was last sold for £450,000 in May 2022, which was around 9% below the average May 2022 detached price in the Milton Keynes local authority area. The most recent EPC inspection was October 2022, where the current energy rating was B, and the potential energy rating was A.

14B PROSPECT ROAD Sold Prices

Land registry data shows two sales for 14B PROSPECT 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 14B PROSPECT 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
2022 18 MAY	£450,000	£496,074	9% below HPI
2017 23 JUN	£140,000	£426,407	67% below HPI

14B PROSPECT 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 14B PROSPECT ROAD sales from June 2017 and May 2022 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 June 2017 sale was for 67% below the HPI. So the extrapolation line tracks at 67% below the HPI over time, until the May 2022 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 14B PROSPECT ROAD?

14B PROSPECT ROAD is 85m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 20% 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 14B PROSPECT ROAD lies on this distribution: 15% of detached houses are smaller than 14B PROSPECT ROAD, and 84% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

14B PROSPECT ROAD: Plot and Title Map

14B PROSPECT ROAD sits on a plot of roughly 0.076 of an acre, or 309m². The below map shows the location of 14B PROSPECT 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 14B PROSPECT 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 14B PROSPECT ROAD?

14B PROSPECT ROAD is located in STONY STRATFORD, in the MK11 postcode district. The below map shows the position of No. 14B on PROSPECT ROAD.