4, GAINSBOROUGH CLOSE, GRANGE FARM, MILTON KEYNES, MK8 0NA - £538,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

4 GAINSBOROUGH CLOSE is a small detached house of 107m², built sometime between 2003 and 2006. It was last sold for £538,000 in December 2022, which was around 1% above the average December 2022 detached price in the Milton Keynes local authority area. The most recent EPC inspection was September 2017, where the current energy rating was C, and the potential energy rating was B.

4 GAINSBOROUGH CLOSE Sold Prices

Land registry data shows three sales for 4 GAINSBOROUGH 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 4 GAINSBOROUGH CLOSE sales were a mix of above the average price, and roughly equal to 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
2022 2 DEC	£538,000	£532,265	1% above HPI
2007 22 OCT	£310,000	£309,178	Close to HPI
2004 4 JUN	£273,500	£244,138	12% above HPI

4 GAINSBOROUGH 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 GAINSBOROUGH CLOSE sales between June 2004 and December 2022 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 October 2007 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the December 2022 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 4 GAINSBOROUGH CLOSE?

4 GAINSBOROUGH CLOSE is 107m² according to the EPC inspection conducted in September 2017. This puts it in the smallest 40% 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 4 GAINSBOROUGH CLOSE lies on this distribution: 34% of detached houses are smaller than 4 GAINSBOROUGH CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

4 GAINSBOROUGH CLOSE: Plot and Title Map

4 GAINSBOROUGH CLOSE sits on a plot of roughly 0.065 of an acre, or 262m². The below map shows the location of 4 GAINSBOROUGH 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 GAINSBOROUGH 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 GAINSBOROUGH CLOSE?

4 GAINSBOROUGH CLOSE is located in GRANGE FARM, in the MK8 postcode district. The below map shows the position of No. 4 on GAINSBOROUGH CLOSE.