7, BALSAM CLOSE, WALNUT TREE, MILTON KEYNES, MK7 7NB - £230,000

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.

7 BALSAM CLOSE is a small extended detached house of 99m², built sometime between 1996 and 2002, which could now be worth an estimated £478,411. It was last sold for £230,000 in April 2011, which was around 15% below the average April 2011 detached price in the Milton Keynes local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was C.

7 BALSAM CLOSE Sold Prices

Land registry data shows four sales for 7 BALSAM CLOSE 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 7 BALSAM 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
2011 7 APR	£230,000	£271,832	15% below HPI
2004 31 AUG	£209,995	£256,860	18% below HPI
2003 14 FEB	£197,000	£234,681	16% below HPI
1996 11 OCT	£75,000	£88,967	16% below HPI

7 BALSAM 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 four 7 BALSAM CLOSE sales between October 1996 and April 2011 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 2004 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the April 2011 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 7 BALSAM CLOSE be worth now?

7 BALSAM CLOSE might now be worth an estimated £478,411.

This is based on house price inflation of 108%, between April 2011 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 108% inflationary increase is applied to the most recent sale price for 7 BALSAM CLOSE of £230,000 on 7th April 2011. For the value to have increased from £230,000 to £478,411 over the fourteen years and two months to February 2025, the following assumptions must hold true:

• The value of 7 BALSAM CLOSE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The April 2011 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 7 BALSAM CLOSE has not materially changed since April 2011.

How Large is 7 BALSAM CLOSE?

7 BALSAM CLOSE is 99m², which includes one extension, according to the EPC inspection conducted in July 2010. This puts it in the smallest 30% 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 7 BALSAM CLOSE lies on this distribution: 28% of detached houses houses are smaller than 7 BALSAM CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

7 BALSAM CLOSE: Plot and Title Map

7 BALSAM CLOSE sits on a plot of roughly 0.060 of an acre, or 241m². The below map shows the location of 7 BALSAM 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 7 BALSAM 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 7 BALSAM CLOSE?

7 BALSAM CLOSE is located in WALNUT TREE, in the MK7 postcode district. The below map shows the position of No. 7 on BALSAM CLOSE.