2, MEAD CRESCENT, REDHOUSE PARK, MILTON KEYNES, MK14 5FX - £400,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 MEAD CRESCENT is a small semi-detached house of 100m², built sometime between 2007 and 2011, which could now be worth an estimated £433,950. It was last sold for £400,000 in October 2023, which was around 29% above the average October 2023 semi-detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2023, where the current energy rating was C, and the potential energy rating was B.

2 MEAD CRESCENT Sold Prices

Land registry data shows four sales for 2 MEAD CRESCENT since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Milton Keynes local authority area for the corresponding sale date. All of the four 2 MEAD CRESCENT sales were for above 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
2023 2 OCT	£400,000	£310,401	29% above HPI
2022 30 SEP	£390,000	£317,060	23% above HPI
2020 9 JUN	£297,500	£256,091	16% above HPI
2013 7 JUN	£228,000	£174,650	31% above HPI

2 MEAD CRESCENT Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Milton Keynes local authority area over time, sourced from the HPI. The four 2 MEAD CRESCENT sales between June 2013 and October 2023 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 September 2022 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the October 2023 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 2 MEAD CRESCENT be worth now?

2 MEAD CRESCENT might now be worth an estimated £433,950.

This is based on house price inflation of 8.5%, between October 2023 and February 2025, for semi-detached houses, in the Milton Keynes local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.5% inflationary increase is applied to the most recent sale price for 2 MEAD CRESCENT of £400,000 on 2nd October 2023. For the value to have increased from £400,000 to £433,950 over the two years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 MEAD CRESCENT has moved in line with the HPI for semi-detached houses in the Milton Keynes local authority area.
• The October 2023 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MEAD CRESCENT has not materially changed since October 2023.

How Large is 2 MEAD CRESCENT?

2 MEAD CRESCENT is 100m² according to the EPC inspection conducted in May 2023. This puts it in the smallest 30% of semi-detached houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Milton Keynes, and where 2 MEAD CRESCENT lies on this distribution: 29% of semi-detached houses houses are smaller than 2 MEAD CRESCENT, and 71% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

2 MEAD CRESCENT: Plot and Title Map

2 MEAD CRESCENT sits on a plot of roughly 0.039 of an acre, or 157m². The below map shows the location of 2 MEAD CRESCENT, 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 MEAD CRESCENT). 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 MEAD CRESCENT?

2 MEAD CRESCENT is located in REDHOUSE PARK, in the MK14 postcode district. The below map shows the position of No. 2 on MEAD CRESCENT.