3, TIPPETT CLOSE, BROWNS WOOD, MILTON KEYNES, MK7 8EJ - £420,000

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 TIPPETT CLOSE is a midsized detached house of 123m², built sometime between 1991 and 1995. It was last sold for £420,000 in May 2020, which was around 3% below the average May 2020 detached price in the Milton Keynes local authority area. The most recent EPC inspection was February 2019, where the current energy rating was C, and the potential energy rating was B.

3 TIPPETT CLOSE Sold Prices

Land registry data shows three sales for 3 TIPPETT CLOSE 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. The three 3 TIPPETT CLOSE sales were a mix of below the average price, roughly equal to the average price, and 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
2020 29 MAY	£420,000	£434,608	3% below HPI
2004 22 MAR	£239,000	£238,410	Close to HPI
1995 16 OCT	£105,000	£82,358	27% above HPI

3 TIPPETT 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 three 3 TIPPETT CLOSE sales between October 1995 and May 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 March 2004 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the May 2020 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 3 TIPPETT CLOSE?

3 TIPPETT CLOSE is 123m² according to the EPC inspection conducted in February 2019. This puts it in the largest 50% 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 TIPPETT CLOSE lies on this distribution: 50% of detached houses are smaller than 3 TIPPETT CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

3 TIPPETT CLOSE: Plot and Title Map

3 TIPPETT CLOSE sits on a plot of roughly 0.082 of an acre, or 331m². The below map shows the location of 3 TIPPETT 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 TIPPETT 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 TIPPETT CLOSE?

3 TIPPETT CLOSE is located in BROWNS WOOD, in the MK7 postcode district. The below map shows the position of No. 3 on TIPPETT CLOSE.