2, THE HOMESTEAD, SHENLEY CHURCH END, MILTON KEYNES, MK5 6DJ - £1,750,000

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 THE HOMESTEAD is a very large extended detached house of 454m², built sometime between 1983 and 1990. It was last sold for £1,750,000 in February 2023, which was around 238% above the average February 2023 detached price in the Milton Keynes local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was C.

2 THE HOMESTEAD Sold Prices

Land registry data shows three sales for 2 THE HOMESTEAD 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 THE HOMESTEAD 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
2023 17 FEB	£1,750,000	£517,394	238% above HPI
2016 21 DEC	£1,180,000	£410,768	187% above HPI
2001 26 APR	£430,000	£149,708	187% above HPI

2 THE HOMESTEAD 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 THE HOMESTEAD sales between April 2001 and February 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 December 2016 sale was for 187% above the HPI. So the extrapolation line tracks at 187% above the HPI over time, until the February 2023 sale, where it rises to 238% above the HPI. The line then continues to track at 238% above the HPI.

How Large is 2 THE HOMESTEAD?

2 THE HOMESTEAD is 454m², which includes two extensions, according to the EPC inspection conducted in October 2022. This puts it in the largest 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 THE HOMESTEAD lies on this distribution: More than 99% of detached houses are smaller than 2 THE HOMESTEAD, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

2 THE HOMESTEAD: Plot and Title Map

2 THE HOMESTEAD sits on a plot of roughly 0.489 of an acre, or 1,978m². The below map shows the location of 2 THE HOMESTEAD, 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 THE HOMESTEAD). 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 THE HOMESTEAD?

2 THE HOMESTEAD is located in SHENLEY CHURCH END, in the MK5 postcode district. The below map shows the position of No. 2 on THE HOMESTEAD.