34, PASTERN PLACE, DOWNS BARN, MILTON KEYNES, MK14 7RH - £360,000

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

34 PASTERN PLACE is a very small detached house of 89m², built sometime between 1996 and 2002. It was last sold for £360,000 in January 2023, which was around 32% below the average January 2023 detached price in the Milton Keynes local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

34 PASTERN PLACE Sold Prices

Land registry data shows three sales for 34 PASTERN PLACE 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 34 PASTERN PLACE 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 27 JAN	£360,000	£526,130	32% below HPI
2018 1 JUN	£282,500	£440,071	36% below HPI
2017 8 DEC	£252,000	£442,444	43% below HPI

34 PASTERN 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 three 34 PASTERN PLACE sales between December 2017 and January 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 June 2018 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the January 2023 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 34 PASTERN PLACE?

34 PASTERN PLACE is 89m² according to the EPC inspection conducted in October 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 34 PASTERN PLACE lies on this distribution: 18% of detached houses are smaller than 34 PASTERN PLACE, and 81% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

34 PASTERN PLACE: Plot and Title Map

34 PASTERN PLACE sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 34 PASTERN 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 34 PASTERN 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 34 PASTERN PLACE?

34 PASTERN PLACE is located in DOWNS BARN, in the MK14 postcode district. The below map shows the position of No. 34 on PASTERN PLACE.