5, SKINNERS CLOSE, REDHOUSE PARK, MILTON KEYNES, MK14 5GG - £400,000

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 SKINNERS CLOSE is a small detached house of 113m², which could now be worth an estimated £526,853. It was last sold for £400,000 in July 2016, which was around 7% below the average July 2016 detached price in the Milton Keynes local authority area. The most recent EPC inspection was April 2015, where the current energy rating was B, and the potential energy rating was B.

5 SKINNERS CLOSE Sold Prices

Land registry data shows two sales for 5 SKINNERS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. Both of the two 5 SKINNERS 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
2016 29 JUL	£400,000	£429,284	7% below HPI
2015 22 MAY	£334,995	£361,299	7% below HPI

5 SKINNERS 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 two 5 SKINNERS CLOSE sales from May 2015 and July 2016 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 May 2015 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the July 2016 sale, which was also at 7% below the HPI.

What might 5 SKINNERS CLOSE be worth now?

5 SKINNERS CLOSE might now be worth an estimated £526,853.

This is based on house price inflation of 31.7%, between July 2016 and February 2025, for 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 31.7% inflationary increase is applied to the most recent sale price for 5 SKINNERS CLOSE of £400,000 on 29th July 2016. For the value to have increased from £400,000 to £526,853 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of 5 SKINNERS CLOSE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The July 2016 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SKINNERS CLOSE has not materially changed since July 2016.

How Large is 5 SKINNERS CLOSE?

5 SKINNERS CLOSE is 113m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 40% of detached houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Milton Keynes, and where 5 SKINNERS CLOSE lies on this distribution: 40% of detached houses houses are smaller than 5 SKINNERS CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

5 SKINNERS CLOSE: Plot and Title Map

5 SKINNERS CLOSE sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of 5 SKINNERS 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 SKINNERS 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 SKINNERS CLOSE?

5 SKINNERS CLOSE is located in REDHOUSE PARK, in the MK14 postcode district. The below map shows the position of No. 5 on SKINNERS CLOSE.