2, CULRAIN PLACE, HODGE LEA, MILTON KEYNES, MK12 6JG - £111,000

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

2 CULRAIN PLACE is a very small semi-detached house of 50m², built sometime between 1967 and 1975. It was last sold for £111,000 in July 2004, which was around 55% below the average July 2004 detached price in the Milton Keynes local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was B.

2 CULRAIN PLACE Sold Prices

Land registry data shows two sales for 2 CULRAIN PLACE 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 2 CULRAIN PLACE 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
2004 8 JUL	£111,000	£248,985	55% below HPI
2002 26 JUL	£78,500	£191,081	59% below HPI

2 CULRAIN PLACE 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 2 CULRAIN PLACE sales from July 2002 and July 2004 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 2002 sale was for 59% below the HPI. So the extrapolation line tracks at 59% below the HPI over time, until the July 2004 sale, where it rises to 55% below the HPI. The line then continues to track at 55% below the HPI.

How Large is 2 CULRAIN PLACE?

2 CULRAIN PLACE is 50m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 10% 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 2 CULRAIN PLACE lies on this distribution: 1% of detached houses are smaller than 2 CULRAIN PLACE, and 99% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

2 CULRAIN PLACE: Plot and Title Map

2 CULRAIN PLACE sits on a plot of roughly 0.044 of an acre, or 176m². The below map shows the location of 2 CULRAIN PLACE, 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 2 CULRAIN PLACE). 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 2 CULRAIN PLACE?

2 CULRAIN PLACE is located in HODGE LEA, in the MK12 postcode district. The below map shows the position of No. 2 on CULRAIN PLACE.