5, PENMON CLOSE, MONKSTON, MILTON KEYNES, MK10 9ET - £315,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 PENMON CLOSE is a very large semi-detached house of 176m², built sometime between 1996 and 2002, which could now be worth an estimated £744,799. It was last sold for £315,000 in March 2009, which was around 121% above the average March 2009 semi-detached price in the Milton Keynes local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was C.

5 PENMON CLOSE Sold Prices

Land registry data shows three sales for 5 PENMON CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Milton Keynes local authority area for the corresponding sale date. All of the three 5 PENMON CLOSE 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
2009 16 MAR	£315,000	£142,421	121% above HPI
2008 25 SEP	£245,000	£167,241	46% above HPI
2000 16 FEB	£199,500	£71,822	178% above HPI

5 PENMON CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Milton Keynes local authority area over time, sourced from the HPI. The three 5 PENMON CLOSE sales between February 2000 and March 2009 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 2008 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the March 2009 sale, where it rises to 121% above the HPI. The line then continues to track at 121% above the HPI.

What might 5 PENMON CLOSE be worth now?

5 PENMON CLOSE might now be worth an estimated £744,799.

This is based on house price inflation of 136.4%, between March 2009 and February 2025, for semi-detached houses, in the Milton Keynes local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 136.4% inflationary increase is applied to the most recent sale price for 5 PENMON CLOSE of £315,000 on 16th March 2009. For the value to have increased from £315,000 to £744,799 over the sixteen years and one month to February 2025, the following assumptions must hold true:

• The value of 5 PENMON CLOSE has moved in line with the HPI for semi-detached houses in the Milton Keynes local authority area.
• The March 2009 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PENMON CLOSE has not materially changed since March 2009.

How Large is 5 PENMON CLOSE?

5 PENMON CLOSE is 176m² according to the EPC inspection conducted in February 2014. This puts it in the largest 20% of semi-detached houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Milton Keynes, and where 5 PENMON CLOSE lies on this distribution: 85% of semi-detached houses houses are smaller than 5 PENMON CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

5 PENMON CLOSE: Plot and Title Map

5 PENMON CLOSE sits on a plot of roughly 0.091 of an acre, or 370m². The below map shows the location of 5 PENMON 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 PENMON 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 PENMON CLOSE?

5 PENMON CLOSE is located in MONKSTON, in the MK10 postcode district. The below map shows the position of No. 5 on PENMON CLOSE.