3, FORBES PLACE, MEDBOURNE, MILTON KEYNES, MK5 6FG - £509,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 FORBES PLACE is a very large detached house of 171m², built sometime between 2003 and 2006. It was last sold for £509,000 in April 2021, which was around 13% above the average April 2021 detached price in the Milton Keynes local authority area. The most recent EPC inspection was November 2020, where the current energy rating was C, and the potential energy rating was B.

3 FORBES PLACE Sold Prices

Land registry data shows two sales for 3 FORBES PLACE 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 3 FORBES PLACE 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
2021 20 APR	£509,000	£448,635	13% above HPI
2003 25 JUL	£287,950	£224,157	28% above HPI

3 FORBES PLACE 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 3 FORBES PLACE sales from July 2003 and April 2021 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 2003 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the April 2021 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is 3 FORBES PLACE?

3 FORBES PLACE is 171m² according to the EPC inspection conducted in November 2020. This puts it in the largest 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 3 FORBES PLACE lies on this distribution: 83% of detached houses are smaller than 3 FORBES PLACE, and 17% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

3 FORBES PLACE: Plot and Title Map

3 FORBES PLACE sits on a plot of roughly 0.080 of an acre, or 324m². The below map shows the location of 3 FORBES 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 3 FORBES 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.

Where is 3 FORBES PLACE?

3 FORBES PLACE is located in MEDBOURNE, in the MK5 postcode district. The below map shows the position of No. 3 on FORBES PLACE.