28, SPOONLEY WOOD, BANCROFT PARK, MILTON KEYNES, MK13 0RD - £345,000

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

28 SPOONLEY WOOD is a very small detached house of 90m², built sometime between 1983 and 1990. It was last sold for £345,000 in November 2015, which was around 10% below the average November 2015 detached price in the Milton Keynes local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

28 SPOONLEY WOOD Sold Prices

Land registry data shows two sales for 28 SPOONLEY WOOD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. Both of the two 28 SPOONLEY WOOD 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
2015 12 NOV	£345,000	£383,698	10% below HPI
2010 21 MAY	£250,000	£273,119	8% below HPI

28 SPOONLEY WOOD 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 two 28 SPOONLEY WOOD sales from May 2010 and November 2015 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 2010 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the November 2015 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 28 SPOONLEY WOOD?

28 SPOONLEY WOOD is 90m² according to the EPC inspection conducted in June 2015. 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 28 SPOONLEY WOOD lies on this distribution: 20% of detached houses are smaller than 28 SPOONLEY WOOD, and 80% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

28 SPOONLEY WOOD: Plot and Title Map

28 SPOONLEY WOOD sits on a plot of roughly 0.100 of an acre, or 407m². The below map shows the location of 28 SPOONLEY WOOD, 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 28 SPOONLEY WOOD). 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 28 SPOONLEY WOOD?

28 SPOONLEY WOOD is located in BANCROFT PARK, in the MK13 postcode district. The below map shows the position of No. 28 on SPOONLEY WOOD.