2, LANTHORN CLOSE, NEATH HILL, MILTON KEYNES, MK14 6JF - £160,000

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 LANTHORN CLOSE is a very small extended detached house of 87m², built sometime between 1976 and 1982. It was last sold for £160,000 in November 2005, which was around 36% below the average November 2005 detached price in the Milton Keynes local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was B.

2 LANTHORN CLOSE Sold Prices

Land registry data shows two sales for 2 LANTHORN 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 LANTHORN 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 28 NOV	£160,000	£251,930	36% below HPI
2000 26 MAY	£96,850	£136,050	29% below HPI

2 LANTHORN 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 LANTHORN CLOSE sales from May 2000 and November 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 May 2000 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the November 2005 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 2 LANTHORN CLOSE?

2 LANTHORN CLOSE is 87m², which includes two extensions, according to the EPC inspection conducted in November 2017. 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 LANTHORN CLOSE lies on this distribution: 17% of detached houses are smaller than 2 LANTHORN CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

2 LANTHORN CLOSE: Plot and Title Map

2 LANTHORN CLOSE sits on a plot of roughly 0.065 of an acre, or 265m². The below map shows the location of 2 LANTHORN 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 LANTHORN 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 LANTHORN CLOSE?

2 LANTHORN CLOSE is located in NEATH HILL, in the MK14 postcode district. The below map shows the position of No. 2 on LANTHORN CLOSE.