2, PENHOW RISE, KINGSMEAD, MILTON KEYNES, MK4 4HH - £425,000

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 PENHOW RISE is a small detached house of 91m², built sometime between 2003 and 2006. It was last sold for £425,000 in November 2022, which was around 20% below the average November 2022 detached price in the Milton Keynes local authority area. The most recent EPC inspection was February 2018, where the current energy rating was C, and the potential energy rating was B.

2 PENHOW RISE Sold Prices

Land registry data shows three sales for 2 PENHOW RISE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the three 2 PENHOW RISE 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 25 NOV	£425,000	£533,322	20% below HPI
2006 13 OCT	£237,000	£270,292	12% below HPI
2004 26 MAY	£219,995	£240,853	9% below HPI

2 PENHOW RISE 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 three 2 PENHOW RISE sales between May 2004 and November 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 October 2006 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the November 2022 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 2 PENHOW RISE?

2 PENHOW RISE is 91m² according to the EPC inspection conducted in February 2018. 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 PENHOW RISE lies on this distribution: 20% of detached houses are smaller than 2 PENHOW RISE, and 79% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

2 PENHOW RISE: Plot and Title Map

2 PENHOW RISE sits on a plot of roughly 0.048 of an acre, or 196m². The below map shows the location of 2 PENHOW RISE, 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 PENHOW RISE). 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 PENHOW RISE?

2 PENHOW RISE is located in KINGSMEAD, in the MK4 postcode district. The below map shows the position of No. 2 on PENHOW RISE.