7, PENMON CLOSE, MONKSTON, MILTON KEYNES, MK10 9ET - £347,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 PENMON CLOSE is a very small detached house of 82m², built sometime between 1996 and 2002, which could now be worth an estimated £444,713. It was last sold for £347,500 in July 2016, which was around 19% below the average July 2016 detached price in the Milton Keynes local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was C.

7 PENMON CLOSE Sold Prices

Land registry data shows three sales for 7 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 7 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
2016 4 JUL	£347,500	£429,284	19% below HPI
2005 11 NOV	£184,000	£260,407	29% below HPI
1999 1 DEC	£91,950	£131,254	30% below HPI

7 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 7 PENMON CLOSE sales between December 1999 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 November 2005 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the July 2016 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 7 PENMON CLOSE be worth now?

7 PENMON CLOSE might now be worth an estimated £444,713.

This is based on house price inflation of 28%, between July 2016 and December 2024, 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 28% inflationary increase is applied to the most recent sale price for 7 PENMON CLOSE of £347,500 on 4th July 2016. For the value to have increased from £347,500 to £444,713 over the seven years and seven months to December 2024, the following assumptions must hold true:

• The value of 7 PENMON CLOSE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The July 2016 sale price of £347,500 represented a fair market value for the property.
• The size, condition, and specification of 7 PENMON CLOSE has not materially changed since July 2016.

How Large is 7 PENMON CLOSE?

7 PENMON CLOSE is 82m² according to the EPC inspection conducted in January 2016. This puts it in the smallest 20% 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 PENMON CLOSE lies on this distribution: 13% of detached houses houses are smaller than 7 PENMON CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

7 PENMON CLOSE: Plot and Title Map

7 PENMON CLOSE sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 7 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 7 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 7 PENMON CLOSE?

7 PENMON CLOSE is located in MONKSTON, in the MK10 postcode district. The below map shows the position of No. 7 on PENMON CLOSE.