5, GISBURN CLOSE, HEELANDS, MILTON KEYNES, MK13 7QQ - £295,000

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

5 GISBURN CLOSE is a very small detached house of 66m², built sometime between 1991 and 1995. It was last sold for £295,000 in January 2022, which was around 40% below the average January 2022 detached price in the Milton Keynes local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was B.

5 GISBURN CLOSE Sold Prices

Land registry data shows four sales for 5 GISBURN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the four 5 GISBURN 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
2022 7 JAN	£295,000	£493,022	40% below HPI
2003 14 AUG	£146,000	£227,612	36% below HPI
1996 24 MAY	£55,950	£84,626	34% below HPI
1995 24 NOV	£60,450	£83,030	27% below HPI

5 GISBURN 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 four 5 GISBURN CLOSE sales between November 1995 and January 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 August 2003 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the January 2022 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 5 GISBURN CLOSE?

5 GISBURN CLOSE is 66m² according to the EPC inspection conducted in January 2018. This puts it in the smallest 10% 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 GISBURN CLOSE lies on this distribution: 3% of detached houses are smaller than 5 GISBURN CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

5 GISBURN CLOSE: Plot and Title Map

5 GISBURN CLOSE sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 5 GISBURN 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 GISBURN 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 GISBURN CLOSE?

5 GISBURN CLOSE is located in HEELANDS, in the MK13 postcode district. The below map shows the position of No. 5 on GISBURN CLOSE.