2, WELBECK CLOSE, MONKSTON, MILTON KEYNES, MK10 9HQ - £395,000

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 WELBECK CLOSE is a very small detached house of 81m², built sometime between 1996 and 2002. It was last sold for £395,000 in March 2023, which was around 23% below the average March 2023 detached price in the Milton Keynes local authority area. The most recent EPC inspection was November 2022, where the current energy rating was C, and the potential energy rating was B.

2 WELBECK CLOSE Sold Prices

Land registry data shows six sales for 2 WELBECK CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the six 2 WELBECK 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
2023 31 MAR	£395,000	£512,125	23% below HPI
2016 11 JUL	£322,000	£415,310	22% below HPI
2013 8 MAR	£222,500	£284,452	22% below HPI
2007 13 JUL	£225,000	£291,864	23% below HPI
2002 14 JUN	£143,000	£186,552	23% below HPI
2001 29 JUN	£126,000	£154,890	19% below HPI

2 WELBECK 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 six 2 WELBECK CLOSE sales between June 2001 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 July 2016 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the March 2023 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 2 WELBECK CLOSE?

2 WELBECK CLOSE is 81m² according to the EPC inspection conducted in November 2022. This puts it in the smallest 20% 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 WELBECK CLOSE lies on this distribution: 12% of detached houses are smaller than 2 WELBECK CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

2 WELBECK CLOSE: Plot and Title Map

2 WELBECK CLOSE sits on a plot of roughly 0.053 of an acre, or 216m². The below map shows the location of 2 WELBECK 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 WELBECK 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 WELBECK CLOSE?

2 WELBECK CLOSE is located in MONKSTON, in the MK10 postcode district. The below map shows the position of No. 2 on WELBECK CLOSE.