3, RICHMOND WAY, NEWPORT PAGNELL, MK16 0LE - £265,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

3 RICHMOND WAY is a very small semi-detached house of 73m², built sometime between 1976 and 1982. It was last sold for £265,000 in October 2019, which was around 38% below the average October 2019 detached price in the Milton Keynes local authority area. The most recent EPC inspection was January 2019, where the current energy rating was C, and the potential energy rating was B.

3 RICHMOND WAY Sold Prices

Land registry data shows three sales for 3 RICHMOND WAY 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 RICHMOND WAY 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
2019 11 OCT	£265,000	£427,444	38% below HPI
2014 5 JUN	£194,000	£323,731	40% below HPI
2007 5 FEB	£163,500	£276,207	41% below HPI

3 RICHMOND WAY 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 RICHMOND WAY sales between February 2007 and October 2019 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 June 2014 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the October 2019 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 3 RICHMOND WAY?

3 RICHMOND WAY is 73m² according to the EPC inspection conducted in January 2019. This puts it in the smallest 10% 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 RICHMOND WAY lies on this distribution: 8% of detached houses are smaller than 3 RICHMOND WAY, and 91% of houses are larger. Note that EPC data is not available for all properties in Newport Pagnell.

3 RICHMOND WAY: Plot and Title Map

3 RICHMOND WAY sits on a plot of roughly 0.042 of an acre, or 169m². The below map shows the location of 3 RICHMOND WAY, 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 RICHMOND WAY). 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 RICHMOND WAY?

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