4, BOWEN CLOSE, BROWNS WOOD, MILTON KEYNES, MK7 8DR - £275,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

4 BOWEN CLOSE is a very small extended detached house of 71m², built sometime between 1991 and 1995, which could now be worth an estimated £417,629. It was last sold for £275,000 in July 2015, which was around 26% below the average July 2015 detached price in the Milton Keynes local authority area. The most recent EPC inspection was July 2023, where the current energy rating was D, and the potential energy rating was B.

4 BOWEN CLOSE Sold Prices

Land registry data shows three sales for 4 BOWEN 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. All of the three 4 BOWEN 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
2015 31 JUL	£275,000	£372,320	26% below HPI
2011 8 SEP	£227,000	£290,049	22% below HPI
2004 18 FEB	£192,000	£244,399	21% below HPI

4 BOWEN 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 4 BOWEN CLOSE sales between February 2004 and July 2015 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 September 2011 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the July 2015 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 4 BOWEN CLOSE be worth now?

4 BOWEN CLOSE might now be worth an estimated £417,629.

This is based on house price inflation of 51.9%, between July 2015 and February 2025, for detached houses, in the Milton Keynes local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 51.9% inflationary increase is applied to the most recent sale price for 4 BOWEN CLOSE of £275,000 on 31st July 2015. For the value to have increased from £275,000 to £417,629 over the ten years and five months to February 2025, the following assumptions must hold true:

• The value of 4 BOWEN CLOSE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The July 2015 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 4 BOWEN CLOSE has not materially changed since July 2015.

How Large is 4 BOWEN CLOSE?

4 BOWEN CLOSE is 71m², which includes one extension, according to the EPC inspection conducted in July 2023. This puts it in the smallest 10% of detached houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Milton Keynes, and where 4 BOWEN CLOSE lies on this distribution: 5% of detached houses houses are smaller than 4 BOWEN CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

4 BOWEN CLOSE: Plot and Title Map

4 BOWEN CLOSE sits on a plot of roughly 0.102 of an acre, or 411m². The below map shows the location of 4 BOWEN 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 4 BOWEN 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 4 BOWEN CLOSE?

4 BOWEN CLOSE is located in BROWNS WOOD, in the MK7 postcode district. The below map shows the position of No. 4 on BOWEN CLOSE.