3, LAMB CLOSE, NEWPORT PAGNELL, MK16 8QB - £390,000

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 LAMB CLOSE is a small extended detached house of 93m², built sometime between 1967 and 1975. It was last sold for £390,000 in March 2020, which was around 10% below the average March 2020 detached price in the Milton Keynes local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

3 LAMB CLOSE Sold Prices

Land registry data shows two sales for 3 LAMB CLOSE 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 LAMB 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
2020 20 MAR	£390,000	£435,694	10% below HPI
2001 4 APR	£126,000	£149,708	16% below HPI

3 LAMB 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 two 3 LAMB CLOSE sales from April 2001 and March 2020 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 April 2001 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the March 2020 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 3 LAMB CLOSE?

3 LAMB CLOSE is 93m², which includes two extensions, according to the EPC inspection conducted in November 2019. This puts it in the smallest 30% of detached houses in Newport Pagnell, based on EPC data. The below chart shows the distribution of detached houses by size in Newport Pagnell, and where 3 LAMB CLOSE lies on this distribution: 28% of detached houses are smaller than 3 LAMB CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Newport Pagnell.

3 LAMB CLOSE: Plot and Title Map

3 LAMB CLOSE sits on a plot of roughly 0.097 of an acre, or 391m². The below map shows the location of 3 LAMB 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 LAMB 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 LAMB CLOSE?

3 LAMB CLOSE is located in NEWPORT PAGNELL, in the MK16 postcode district. The below map shows the position of No. 3 on LAMB CLOSE.