2, RUBBRA CLOSE, BROWNS WOOD, MILTON KEYNES, MK7 8DP - £300,000

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 RUBBRA CLOSE is a very small detached house of 64m², built sometime between 1996 and 2002. It was last sold for £300,000 in February 2022, which was around 39% below the average February 2022 detached price in the Milton Keynes local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was B.

2 RUBBRA CLOSE Sold Prices

Land registry data shows four sales for 2 RUBBRA CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the four 2 RUBBRA 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
2022 4 FEB	£300,000	£489,051	39% below HPI
2007 22 JUN	£188,000	£290,794	35% below HPI
2004 16 JUL	£164,995	£248,985	34% below HPI
1998 30 APR	£67,000	£100,980	34% below HPI

2 RUBBRA 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 four 2 RUBBRA CLOSE sales between April 1998 and February 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 June 2007 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the February 2022 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 2 RUBBRA CLOSE?

2 RUBBRA CLOSE is 64m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 10% 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 RUBBRA CLOSE lies on this distribution: 3% of detached houses are smaller than 2 RUBBRA CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

2 RUBBRA CLOSE: Plot and Title Map

2 RUBBRA CLOSE sits on a plot of roughly 0.052 of an acre, or 211m². The below map shows the location of 2 RUBBRA 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 RUBBRA 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 RUBBRA CLOSE?

2 RUBBRA CLOSE is located in BROWNS WOOD, in the MK7 postcode district. The below map shows the position of No. 2 on RUBBRA CLOSE.