2, IRELAND CLOSE, BROWNS WOOD, MILTON KEYNES, MK7 8EQ - £490,000

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 IRELAND CLOSE is a small detached house of 99m², built sometime between 1991 and 1995. It was last sold for £490,000 in July 2022, which was around 3% below the average July 2022 detached price in the Milton Keynes local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was B.

2 IRELAND CLOSE Sold Prices

Land registry data shows five sales for 2 IRELAND CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. Most of the five 2 IRELAND 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
2022 22 JUL	£490,000	£504,774	3% below HPI
2008 17 APR	£250,000	£297,045	16% below HPI
2001 31 OCT	£150,000	£169,972	12% below HPI
1999 14 MAY	£103,000	£112,191	8% below HPI
1996 10 MAY	£86,000	£84,626	2% above HPI

2 IRELAND 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 five 2 IRELAND CLOSE sales between May 1996 and July 2022 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 April 2008 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the July 2022 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 2 IRELAND CLOSE?

2 IRELAND CLOSE is 99m² according to the EPC inspection conducted in April 2022. 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 2 IRELAND CLOSE lies on this distribution: 28% of detached houses are smaller than 2 IRELAND CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

2 IRELAND CLOSE: Plot and Title Map

2 IRELAND CLOSE sits on a plot of roughly 0.071 of an acre, or 288m². The below map shows the location of 2 IRELAND 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 IRELAND 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 IRELAND CLOSE?

2 IRELAND CLOSE is located in BROWNS WOOD, in the MK7 postcode district. The below map shows the position of No. 2 on IRELAND CLOSE.