3, RIPLEY CLOSE, KINGSMEAD, MILTON KEYNES, MK4 4HJ - £425,000

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 RIPLEY CLOSE is a very small detached house of 90m², built sometime between 2003 and 2006. It was last sold for £425,000 in March 2023, which was around 17% below the average March 2023 detached price in the Milton Keynes local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

3 RIPLEY CLOSE Sold Prices

Land registry data shows four sales for 3 RIPLEY CLOSE 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 RIPLEY 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
2023 17 MAR	£425,000	£512,125	17% below HPI
2017 3 JUL	£330,000	£426,115	23% below HPI
2013 25 JAN	£240,000	£284,119	16% below HPI
2005 13 MAY	£231,995	£254,694	9% below HPI

3 RIPLEY 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 four 3 RIPLEY CLOSE sales between May 2005 and March 2023 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 2017 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the March 2023 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 3 RIPLEY CLOSE?

3 RIPLEY CLOSE is 90m² according to the EPC inspection conducted in July 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 RIPLEY CLOSE lies on this distribution: 20% of detached houses are smaller than 3 RIPLEY CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

3 RIPLEY CLOSE: Plot and Title Map

3 RIPLEY CLOSE sits on a plot of roughly 0.039 of an acre, or 158m². The below map shows the location of 3 RIPLEY 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 RIPLEY 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 RIPLEY CLOSE?

3 RIPLEY CLOSE is located in KINGSMEAD, in the MK4 postcode district. The below map shows the position of No. 3 on RIPLEY CLOSE.