16, MELTON, STANTONBURY, MILTON KEYNES, MK14 6BH - £225,000

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

16 MELTON is a very small extended detached house of 80m², built sometime between 1976 and 1982. It was last sold for £225,000 in October 2015, which was around 41% below the average October 2015 detached price in the Milton Keynes local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

16 MELTON Sold Prices

Land registry data shows three sales for 16 MELTON since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the three 16 MELTON 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
2015 19 OCT	£225,000	£380,182	41% below HPI
2014 9 JUL	£170,000	£330,178	49% below HPI
2001 2 MAR	£75,000	£147,253	49% below HPI

16 MELTON 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 three 16 MELTON sales between March 2001 and October 2015 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 July 2014 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the October 2015 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 16 MELTON?

16 MELTON is 80m², which includes one extension, according to the EPC inspection conducted in October 2013. 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 16 MELTON lies on this distribution: 11% of detached houses are smaller than 16 MELTON, and 88% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

16 MELTON: Plot and Title Map

16 MELTON sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 16 MELTON, 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 16 MELTON). 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 16 MELTON?

16 MELTON is located in STANTONBURY, in the MK14 postcode district. The below map shows the position of No. 16 on MELTON.