3, DEVELIN CLOSE, NEATH HILL, MILTON KEYNES, MK14 6JE - £360,000

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

3 DEVELIN CLOSE is a small detached house of 92m², built sometime between 1983 and 1990. It was last sold for £360,000 in October 2023, which was around 30% below the average October 2023 detached price in the Milton Keynes local authority area. The most recent EPC inspection was August 2024, where the current energy rating was C, and the potential energy rating was B.

3 DEVELIN CLOSE Sold Prices

Land registry data shows three sales for 3 DEVELIN CLOSE 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 3 DEVELIN 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 24 OCT	£360,000	£515,999	30% below HPI
2015 12 JAN	£240,000	£341,733	30% below HPI
2001 17 AUG	£117,000	£165,858	29% below HPI

3 DEVELIN 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 three 3 DEVELIN CLOSE sales between August 2001 and October 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 January 2015 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the October 2023 sale, which was also at 30% below the HPI.

How Large is 3 DEVELIN CLOSE?

3 DEVELIN CLOSE is 92m² according to the EPC inspection conducted in August 2024. This puts it in the smallest 30% 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 3 DEVELIN CLOSE lies on this distribution: 21% of detached houses are smaller than 3 DEVELIN CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

3 DEVELIN CLOSE: Plot and Title Map

3 DEVELIN CLOSE sits on a plot of roughly 0.071 of an acre, or 287m². The below map shows the location of 3 DEVELIN 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 3 DEVELIN 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 3 DEVELIN CLOSE?

3 DEVELIN CLOSE is located in NEATH HILL, in the MK14 postcode district. The below map shows the position of No. 3 on DEVELIN CLOSE.