3, PROSPECT PLACE, CASTLETHORPE, MILTON KEYNES, MK19 7EJ - £480,000

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 PROSPECT PLACE is a small extended detached house of 130m², built sometime before 1900. It was last sold for £480,000 in June 2018, which was around 9% above the average June 2018 detached price in the Milton Keynes local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was B.

3 PROSPECT PLACE Sold Prices

Land registry data shows four sales for 3 PROSPECT PLACE 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 PROSPECT 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
2018 22 JUN	£480,000	£440,071	9% above HPI
2014 18 JUL	£350,000	£330,178	6% above HPI
2013 9 MAY	£325,000	£287,007	13% above HPI
2002 27 MAR	£250,000	£176,785	41% above HPI

3 PROSPECT 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 four 3 PROSPECT PLACE sales between March 2002 and June 2018 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 2014 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the June 2018 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is 3 PROSPECT PLACE?

3 PROSPECT PLACE is 130m², which includes one extension, according to the EPC inspection conducted in February 2018. This puts it in the smallest 40% of detached houses in Castlethorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Castlethorpe, and where 3 PROSPECT PLACE lies on this distribution: 38% of detached houses are smaller than 3 PROSPECT PLACE, and 62% of houses are larger. Note that EPC data is not available for all properties in Castlethorpe.

3 PROSPECT PLACE: Plot and Title Map

3 PROSPECT PLACE sits on a plot of roughly 0.123 of an acre, or 497m². The below map shows the location of 3 PROSPECT 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 PROSPECT 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 PROSPECT PLACE?

3 PROSPECT PLACE is located in CASTLETHORPE, in the MK19 postcode district. The below map shows the position of No. 3 on PROSPECT PLACE.