5, DEVELIN CLOSE, NEATH HILL, MILTON KEYNES, MK14 6JE - £217,000

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

5 DEVELIN CLOSE is a very small extended semi-detached house of 81m², built sometime between 1976 and 1982. It was last sold for £217,000 in September 2014, which was around 36% below the average September 2014 detached price in the Milton Keynes local authority area. The most recent EPC inspection was January 2014, where the current energy rating was E, and the potential energy rating was B.

5 DEVELIN CLOSE Sold Prices

Land registry data shows five sales for 5 DEVELIN CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the five 5 DEVELIN 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
2014 15 SEP	£217,000	£336,919	36% below HPI
2014 14 FEB	£160,000	£301,268	47% below HPI
2004 4 MAY	£155,000	£240,853	36% below HPI
2002 31 OCT	£146,500	£207,419	29% below HPI
1996 27 SEP	£51,250	£86,933	41% below HPI

5 DEVELIN 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 five 5 DEVELIN CLOSE sales between September 1996 and September 2014 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 February 2014 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the September 2014 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 5 DEVELIN CLOSE?

5 DEVELIN CLOSE is 81m², which includes one extension, according to the EPC inspection conducted in January 2014. 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 5 DEVELIN CLOSE lies on this distribution: 12% of detached houses are smaller than 5 DEVELIN CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

5 DEVELIN CLOSE: Plot and Title Map

5 DEVELIN CLOSE sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 5 DEVELIN 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 5 DEVELIN 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 5 DEVELIN CLOSE?

5 DEVELIN CLOSE is located in NEATH HILL, in the MK14 postcode district. The below map shows the position of No. 5 on DEVELIN CLOSE.