48, DOWNING CLOSE, BLETCHLEY, MILTON KEYNES, MK3 6EP - £390,000

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

48 DOWNING CLOSE is a large detached house of 136m², built sometime between 2003 and 2006. It was last sold for £390,000 in April 2017, which was around 9% below the average April 2017 detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

48 DOWNING CLOSE Sold Prices

Land registry data shows three sales for 48 DOWNING 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 48 DOWNING 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
2017 18 APR	£390,000	£427,924	9% below HPI
2014 26 SEP	£310,000	£336,919	8% below HPI
2006 30 JUN	£290,000	£256,612	13% above HPI

48 DOWNING 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 48 DOWNING CLOSE sales between June 2006 and April 2017 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 2014 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the April 2017 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 48 DOWNING CLOSE?

48 DOWNING CLOSE is 136m² according to the EPC inspection conducted in May 2014. This puts it in the largest 30% of detached houses in Bletchley, based on EPC data. The below chart shows the distribution of detached houses by size in Bletchley, and where 48 DOWNING CLOSE lies on this distribution: 73% of detached houses are smaller than 48 DOWNING CLOSE, and 27% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

48 DOWNING CLOSE: Plot and Title Map

48 DOWNING CLOSE sits on a plot of roughly 0.059 of an acre, or 240m². The below map shows the location of 48 DOWNING 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 48 DOWNING 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 48 DOWNING CLOSE?

48 DOWNING CLOSE is located in BLETCHLEY, in the MK3 postcode district. The below map shows the position of No. 48 on DOWNING CLOSE.