2, NORTHCROFT, SHENLEY LODGE, MILTON KEYNES, MK5 7BE - £225,000

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 NORTHCROFT is a small extended detached house of 99m², built sometime between 1983 and 1990. It was last sold for £225,000 in March 2003, which was around 1% below the average March 2003 detached price in the Milton Keynes local authority area. The most recent EPC inspection was April 2024, where the current energy rating was D, and the potential energy rating was C.

2 NORTHCROFT Sold Prices

Land registry data shows two sales for 2 NORTHCROFT 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 NORTHCROFT 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
2003 10 MAR	£225,000	£228,396	1% below HPI
2000 7 DEC	£134,000	£150,700	11% below HPI

2 NORTHCROFT 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 NORTHCROFT sales from December 2000 and March 2003 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 December 2000 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the March 2003 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 2 NORTHCROFT?

2 NORTHCROFT is 99m², which includes three extensions, according to the EPC inspection conducted in April 2024. 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 NORTHCROFT lies on this distribution: 28% of detached houses are smaller than 2 NORTHCROFT, and 71% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

2 NORTHCROFT: Plot and Title Map

2 NORTHCROFT sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of 2 NORTHCROFT, 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 NORTHCROFT). 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 NORTHCROFT?

2 NORTHCROFT is located in SHENLEY LODGE, in the MK5 postcode district. The below map shows the position of No. 2 on NORTHCROFT.