3, LUDGATE, LEADENHALL, MILTON KEYNES, MK6 5LZ - £360,000

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 LUDGATE is a very small detached house of 88m², built sometime between 1991 and 1995. It was last sold for £360,000 in December 2022, which was around 32% below the average December 2022 detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was C.

3 LUDGATE Sold Prices

Land registry data shows four sales for 3 LUDGATE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the four 3 LUDGATE 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
2022 9 DEC	£360,000	£532,265	32% below HPI
2021 15 OCT	£318,000	£474,086	33% below HPI
2015 15 MAY	£202,500	£349,538	42% below HPI
2001 6 APR	£96,000	£149,708	36% below HPI

3 LUDGATE 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 four 3 LUDGATE sales between April 2001 and December 2022 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 October 2021 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the December 2022 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 3 LUDGATE?

3 LUDGATE is 88m² according to the EPC inspection conducted in May 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 3 LUDGATE lies on this distribution: 18% of detached houses are smaller than 3 LUDGATE, and 82% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

3 LUDGATE: Plot and Title Map

3 LUDGATE sits on a plot of roughly 0.061 of an acre, or 245m². The below map shows the location of 3 LUDGATE, 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 LUDGATE). 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 LUDGATE?

3 LUDGATE is located in LEADENHALL, in the MK6 postcode district. The below map shows the position of No. 3 on LUDGATE.