2, FORCHES CLOSE, EMERSON VALLEY, MILTON KEYNES, MK4 2BE - £180,000

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

2 FORCHES CLOSE is a very small extended detached house of 88m², built sometime between 1967 and 1975. It was last sold for £180,000 in July 2005, which was around 29% below the average July 2005 detached price in the Milton Keynes local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was B.

2 FORCHES CLOSE Sold Prices

Land registry data shows two sales for 2 FORCHES CLOSE 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 FORCHES 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
2005 20 JUL	£180,000	£252,584	29% below HPI
2002 28 JUN	£141,000	£186,552	24% below HPI

2 FORCHES 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 two 2 FORCHES CLOSE sales from June 2002 and July 2005 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 June 2002 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the July 2005 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 2 FORCHES CLOSE?

2 FORCHES CLOSE is 88m², which includes one extension, according to the EPC inspection conducted in August 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 2 FORCHES CLOSE lies on this distribution: 18% of detached houses are smaller than 2 FORCHES CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

2 FORCHES CLOSE: Plot and Title Map

2 FORCHES CLOSE sits on a plot of roughly 0.053 of an acre, or 215m². The below map shows the location of 2 FORCHES 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 2 FORCHES 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 2 FORCHES CLOSE?

2 FORCHES CLOSE is located in EMERSON VALLEY, in the MK4 postcode district. The below map shows the position of No. 2 on FORCHES CLOSE.