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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 BALSAM CLOSE is a small extended detached house of 99m², built sometime between 1996 and 2002. It was last sold for £230,000 in April 2011, which was around 13% 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	£262,983	13% below HPI
2004 31 AUG	£209,995	£248,498	15% below HPI
2003 14 FEB	£197,000	£227,042	13% below HPI
1996 11 OCT	£75,000	£86,071	13% 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 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the April 2011 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

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 in Milton Keynes, based on EPC data. The below chart shows the distribution of detached houses by size in Milton Keynes, and where 7 BALSAM CLOSE lies on this distribution: 29% of detached houses are smaller than 7 BALSAM CLOSE, and 71% 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.