1B, REDWOOD GATE, SHENLEY LODGE, MILTON KEYNES, MK5 7BZ - £415,000

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

1B REDWOOD GATE is a midsized extended detached house of 126m², built sometime between 2003 and 2006. It was last sold for £415,000 in May 2019, which was around 2% below the average May 2019 detached price in the Milton Keynes local authority area. The most recent EPC inspection was June 2018, where the current energy rating was C, and the potential energy rating was B.

1B REDWOOD GATE Sold Prices

Land registry data shows three sales for 1B REDWOOD GATE 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 1B REDWOOD GATE 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
2019 31 MAY	£415,000	£424,197	2% below HPI
2010 30 MAR	£250,000	£262,204	5% below HPI
2005 29 APR	£175,000	£250,951	30% below HPI

1B REDWOOD GATE 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 1B REDWOOD GATE sales between April 2005 and May 2019 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 2010 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the May 2019 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 1B REDWOOD GATE?

1B REDWOOD GATE is 126m², which includes three extensions, according to the EPC inspection conducted in June 2018. This puts it in the largest 50% 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 1B REDWOOD GATE lies on this distribution: 53% of detached houses are smaller than 1B REDWOOD GATE, and 46% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

1B REDWOOD GATE: Plot and Title Map

1B REDWOOD GATE sits on a plot of roughly 0.079 of an acre, or 320m². The below map shows the location of 1B REDWOOD GATE, 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 1B REDWOOD GATE). 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 1B REDWOOD GATE?

1B REDWOOD GATE is located in SHENLEY LODGE, in the MK5 postcode district. The below map shows the position of No. 1B on REDWOOD GATE.