15, BALSAM CLOSE, WALNUT TREE, MILTON KEYNES, MK7 7NB - £300,000

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.

15 BALSAM CLOSE is a very small extended semi-detached house of 54m², built sometime between 1991 and 1995, which could now be worth an estimated £323,891. It was last sold for £300,000 in September 2023, which was around 4% below the average September 2023 semi-detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was B.

15 BALSAM CLOSE Sold Prices

Land registry data shows four sales for 15 BALSAM CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Milton Keynes local authority area for the corresponding sale date. two of the four 15 BALSAM CLOSE sales were for below the average price, and four 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
2023 18 SEP	£300,000	£311,907	4% below HPI
2000 22 SEP	£85,995	£80,874	6% above HPI
1999 22 JUN	£65,950	£65,025	1% above HPI
1998 24 JUL	£57,500	£60,701	5% below HPI

15 BALSAM CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Milton Keynes local authority area over time, sourced from the HPI. The four 15 BALSAM CLOSE sales between July 1998 and September 2023 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 September 2000 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the September 2023 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 15 BALSAM CLOSE be worth now?

15 BALSAM CLOSE might now be worth an estimated £323,891.

This is based on house price inflation of 8%, between September 2023 and February 2025, for semi-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 8% inflationary increase is applied to the most recent sale price for 15 BALSAM CLOSE of £300,000 on 18th September 2023. For the value to have increased from £300,000 to £323,891 over the two years and seven months to February 2025, the following assumptions must hold true:

• The value of 15 BALSAM CLOSE has moved in line with the HPI for semi-detached houses in the Milton Keynes local authority area.
• The September 2023 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 15 BALSAM CLOSE has not materially changed since September 2023.

How Large is 15 BALSAM CLOSE?

15 BALSAM CLOSE is 54m², which includes one extension, according to the EPC inspection conducted in May 2023. This puts it in the smallest 10% of semi-detached houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Milton Keynes, and where 15 BALSAM CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 15 BALSAM CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

15 BALSAM CLOSE: Plot and Title Map

15 BALSAM CLOSE sits on a plot of roughly 0.047 of an acre, or 189m². The below map shows the location of 15 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 15 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 15 BALSAM CLOSE?

15 BALSAM CLOSE is located in WALNUT TREE, in the MK7 postcode district. The below map shows the position of No. 15 on BALSAM CLOSE.