2, PENNYROYAL, WALNUT TREE, MILTON KEYNES, MK7 7NP - £124,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 PENNYROYAL is a very small semi-detached house of 71m², built sometime between 1996 and 2002, which could now be worth an estimated £388,483. It was last sold for £124,000 in July 2002, which was around 15% above the average July 2002 semi-detached price in the Milton Keynes local authority area. The most recent EPC inspection was October 2008, where the current energy rating was C, and the potential energy rating was C.

2 PENNYROYAL Sold Prices

Land registry data shows two sales for 2 PENNYROYAL since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Milton Keynes local authority area for the corresponding sale date. Both of the two 2 PENNYROYAL 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
2002 31 JUL	£124,000	£107,486	15% above HPI
1997 6 JUN	£64,950	£53,829	21% above HPI

2 PENNYROYAL 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 two 2 PENNYROYAL sales from June 1997 and July 2002 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 June 1997 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the July 2002 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 2 PENNYROYAL be worth now?

2 PENNYROYAL might now be worth an estimated £388,483.

This is based on house price inflation of 213.3%, between July 2002 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 213.3% inflationary increase is applied to the most recent sale price for 2 PENNYROYAL of £124,000 on 31st July 2002. For the value to have increased from £124,000 to £388,483 over the 23 years and five months to February 2025, the following assumptions must hold true:

• The value of 2 PENNYROYAL has moved in line with the HPI for semi-detached houses in the Milton Keynes local authority area.
• The July 2002 sale price of £124,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PENNYROYAL has not materially changed since July 2002.

How Large is 2 PENNYROYAL?

2 PENNYROYAL is 71m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 10% 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 PENNYROYAL lies on this distribution: 5% of semi-detached houses houses are smaller than 2 PENNYROYAL, and 95% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

2 PENNYROYAL: Plot and Title Map

2 PENNYROYAL sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 2 PENNYROYAL, 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 PENNYROYAL). 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 PENNYROYAL?

2 PENNYROYAL is located in WALNUT TREE, in the MK7 postcode district. The below map shows the position of No. 2 on PENNYROYAL.