2, SPENCER, STANTONBURY, MILTON KEYNES, MK14 6BQ - £327,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 SPENCER is a very small extended detached house of 74m², built sometime between 1976 and 1982. It was last sold for £327,000 in March 2023, which was around 36% below the average March 2023 detached price in the Milton Keynes local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was B.

2 SPENCER Sold Prices

Land registry data shows four sales for 2 SPENCER 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 SPENCER 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
2023 1 MAR	£327,000	£512,125	36% below HPI
2004 7 MAY	£169,000	£240,853	30% below HPI
2001 15 FEB	£97,000	£146,052	34% below HPI
1997 11 APR	£48,000	£88,171	46% below HPI

2 SPENCER 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 SPENCER sales between April 1997 and March 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 May 2004 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the March 2023 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 2 SPENCER?

2 SPENCER is 74m², which includes three extensions, according to the EPC inspection conducted in October 2022. 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 SPENCER lies on this distribution: 7% of detached houses are smaller than 2 SPENCER, and 92% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

2 SPENCER: Plot and Title Map

2 SPENCER sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 2 SPENCER, 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 SPENCER). 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 SPENCER?

2 SPENCER is located in STANTONBURY, in the MK14 postcode district. The below map shows the position of No. 2 on SPENCER.