16, WELBECK CLOSE, MONKSTON, MILTON KEYNES, MK10 9HQ - £460,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

16 WELBECK CLOSE is a small detached house of 99m², built sometime between 1996 and 2002. It was last sold for £460,000 in May 2023, which was around 11% below the average May 2023 detached price in the Milton Keynes local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

16 WELBECK CLOSE Sold Prices

Land registry data shows three sales for 16 WELBECK CLOSE 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 WELBECK 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
2023 30 MAY	£460,000	£518,530	11% below HPI
2015 17 DEC	£315,000	£385,669	18% below HPI
2001 26 NOV	£158,000	£171,996	8% below HPI

16 WELBECK 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 three 16 WELBECK CLOSE sales between November 2001 and May 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 December 2015 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the May 2023 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 16 WELBECK CLOSE?

16 WELBECK CLOSE is 99m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 30% 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 WELBECK CLOSE lies on this distribution: 28% of detached houses are smaller than 16 WELBECK CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

16 WELBECK CLOSE: Plot and Title Map

16 WELBECK CLOSE sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 16 WELBECK 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 16 WELBECK 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 16 WELBECK CLOSE?

16 WELBECK CLOSE is located in MONKSTON, in the MK10 postcode district. The below map shows the position of No. 16 on WELBECK CLOSE.