6, PENMON CLOSE, MONKSTON, MILTON KEYNES, MK10 9ET - £302,000

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.

6 PENMON CLOSE is a small detached house of 111m², built sometime between 1996 and 2002, which could now be worth an estimated £510,300. It was last sold for £302,000 in June 2014, which was around 10% below the average June 2014 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.

6 PENMON CLOSE Sold Prices

Land registry data shows three sales for 6 PENMON CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the three 6 PENMON 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
2014 5 JUN	£302,000	£334,623	10% below HPI
2006 17 AUG	£264,000	£272,473	3% below HPI
1999 26 NOV	£130,000	£130,873	1% below HPI

6 PENMON 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 three 6 PENMON CLOSE sales between November 1999 and June 2014 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 2006 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the June 2014 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 6 PENMON CLOSE be worth now?

6 PENMON CLOSE might now be worth an estimated £510,300.

This is based on house price inflation of 69%, between June 2014 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 69% inflationary increase is applied to the most recent sale price for 6 PENMON CLOSE of £302,000 on 5th June 2014. For the value to have increased from £302,000 to £510,300 over the eleven years and four months to February 2025, the following assumptions must hold true:

• The value of 6 PENMON CLOSE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The June 2014 sale price of £302,000 represented a fair market value for the property.
• The size, condition, and specification of 6 PENMON CLOSE has not materially changed since June 2014.

How Large is 6 PENMON CLOSE?

6 PENMON CLOSE is 111m² according to the EPC inspection conducted in February 2014. 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 6 PENMON CLOSE lies on this distribution: 38% of detached houses houses are smaller than 6 PENMON CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

6 PENMON CLOSE: Plot and Title Map

6 PENMON CLOSE sits on a plot of roughly 0.067 of an acre, or 273m². The below map shows the location of 6 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 6 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 6 PENMON CLOSE?

6 PENMON CLOSE is located in MONKSTON, in the MK10 postcode district. The below map shows the position of No. 6 on PENMON CLOSE.