4, GERARD CLOSE, BRADVILLE, MILTON KEYNES, MK13 7UF - £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

4 GERARD CLOSE is a midsized extended detached house of 123m², built sometime between 1991 and 1995. It was last sold for £425,000 in June 2021, which was around 6% below the average June 2021 detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was C.

4 GERARD CLOSE Sold Prices

Land registry data shows three sales for 4 GERARD 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. Two of the three 4 GERARD CLOSE sales were for below the average price, whilst one was for 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
2021 25 JUN	£425,000	£452,914	6% below HPI
2005 16 DEC	£215,000	£251,356	14% below HPI
1996 24 MAY	£113,950	£84,626	35% above HPI

4 GERARD 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 GERARD CLOSE sales between May 1996 and June 2021 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 December 2005 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the June 2021 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 4 GERARD CLOSE?

4 GERARD CLOSE is 123m², which includes one extension, according to the EPC inspection conducted in May 2021. 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 4 GERARD CLOSE lies on this distribution: 50% of detached houses are smaller than 4 GERARD CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

4 GERARD CLOSE: Plot and Title Map

4 GERARD CLOSE sits on a plot of roughly 0.088 of an acre, or 357m². The below map shows the location of 4 GERARD 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 GERARD 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 GERARD CLOSE?

4 GERARD CLOSE is located in BRADVILLE, in the MK13 postcode district. The below map shows the position of No. 4 on GERARD CLOSE.