7, THE CRAVEN, HEELANDS, MILTON KEYNES, MK13 7QR - £345,000

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

7 THE CRAVEN is a small extended detached house of 110m², built sometime between 1976 and 1982. It was last sold for £345,000 in June 2019, which was around 19% below the average June 2019 detached price in the Milton Keynes local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was C.

7 THE CRAVEN Sold Prices

Land registry data shows four sales for 7 THE CRAVEN 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 THE CRAVEN 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
2019 20 JUN	£345,000	£425,795	19% below HPI
2011 25 FEB	£250,000	£269,185	7% below HPI
2007 1 MAY	£250,000	£284,393	12% below HPI
2001 15 NOV	£148,000	£171,996	14% below HPI

7 THE CRAVEN 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 THE CRAVEN sales between November 2001 and June 2019 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 2011 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the June 2019 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 7 THE CRAVEN?

7 THE CRAVEN is 110m², which includes two extensions, according to the EPC inspection conducted in September 2022. This puts it in the smallest 40% 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 THE CRAVEN lies on this distribution: 37% of detached houses are smaller than 7 THE CRAVEN, and 62% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

7 THE CRAVEN: Plot and Title Map

7 THE CRAVEN sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 7 THE CRAVEN, 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 THE CRAVEN). 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 THE CRAVEN?

7 THE CRAVEN is located in HEELANDS, in the MK13 postcode district. The below map shows the position of No. 7 on THE CRAVEN.