56, LICHFIELD DOWN, WALNUT TREE, MILTON KEYNES, MK7 7BB - £315,000

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

56 LICHFIELD DOWN is a very small detached house of 75m², built sometime between 1983 and 1990. It was last sold for £315,000 in February 2018, which was around 28% below the average February 2018 detached price in the Milton Keynes local authority area. The most recent EPC inspection was February 2016, where the current energy rating was C, and the potential energy rating was B.

56 LICHFIELD DOWN Sold Prices

Land registry data shows four sales for 56 LICHFIELD DOWN 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 56 LICHFIELD DOWN 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
2018 23 FEB	£315,000	£439,578	28% below HPI
2016 19 FEB	£272,500	£397,934	32% below HPI
1997 23 MAY	£68,000	£89,492	24% below HPI
1996 19 APR	£63,000	£83,877	25% below HPI

56 LICHFIELD DOWN 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 56 LICHFIELD DOWN sales between April 1996 and February 2018 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 2016 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the February 2018 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 56 LICHFIELD DOWN?

56 LICHFIELD DOWN is 75m² according to the EPC inspection conducted in February 2016. 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 56 LICHFIELD DOWN lies on this distribution: 8% of detached houses are smaller than 56 LICHFIELD DOWN, and 91% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

56 LICHFIELD DOWN: Plot and Title Map

56 LICHFIELD DOWN sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 56 LICHFIELD DOWN, 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 56 LICHFIELD DOWN). 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 56 LICHFIELD DOWN?

56 LICHFIELD DOWN is located in WALNUT TREE, in the MK7 postcode district. The below map shows the position of No. 56 on LICHFIELD DOWN.