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 WALNEY PLACE is a very small detached house of 72m², built sometime between 1996 and 2002. It was last sold for £365,000 in February 2022, which was around 25% below the average February 2022 detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was B.
Land registry data shows three sales for 2 WALNEY PLACE since 1st 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 WALNEY PLACE 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 | £365,000 | £489,051 | 25% below HPI |
2004 5 FEB | £159,995 | £236,443 | 32% below HPI |
1998 15 MAY | £79,950 | £102,848 | 22% below HPI |
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 WALNEY PLACE sales between May 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 February 2004 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the February 2022 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.
2 WALNEY PLACE is 72m² according to the EPC inspection conducted in May 2016. 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 WALNEY PLACE lies on this distribution: 6% of detached houses are smaller than 2 WALNEY PLACE, and 93% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.
2 WALNEY PLACE sits on a plot of roughly 0.063 of an acre, or 257m². The below map shows the location of 2 WALNEY PLACE, 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 WALNEY PLACE). 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.
2 WALNEY PLACE is located in TATTENHOE, in the MK4 postcode district. The below map shows the position of No. 2 on WALNEY PLACE.