5, NOVELLO CROFT, OLD FARM PARK, MILTON KEYNES, MK7 8QT - £590,000

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 NOVELLO CROFT is a large detached house of 148m², built sometime between 1991 and 1995. It was last sold for £590,000 in November 2021, which was around 23% above the average November 2021 detached price in the Milton Keynes local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

5 NOVELLO CROFT Sold Prices

Land registry data shows four sales for 5 NOVELLO CROFT 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 NOVELLO CROFT sales were 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 NOV	£590,000	£479,135	23% above HPI
2012 1 JUN	£360,000	£279,271	29% above HPI
2003 28 MAY	£285,000	£225,931	26% above HPI
1995 29 JUN	£132,950	£83,156	60% above HPI

5 NOVELLO CROFT 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 NOVELLO CROFT sales between June 1995 and November 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 June 2012 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the November 2021 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is 5 NOVELLO CROFT?

5 NOVELLO CROFT is 148m² according to the EPC inspection conducted in June 2021. This puts it in the largest 30% 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 NOVELLO CROFT lies on this distribution: 72% of detached houses are smaller than 5 NOVELLO CROFT, and 27% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

5 NOVELLO CROFT: Plot and Title Map

5 NOVELLO CROFT sits on a plot of roughly 0.136 of an acre, or 552m². The below map shows the location of 5 NOVELLO CROFT, 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 NOVELLO CROFT). 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 NOVELLO CROFT?

5 NOVELLO CROFT is located in OLD FARM PARK, in the MK7 postcode district. The below map shows the position of No. 5 on NOVELLO CROFT.