78, PENNYCRESS WAY, NEWPORT PAGNELL, MK16 8TT - £425,000

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

78 PENNYCRESS WAY is a very small detached house of 83m², built sometime between 1996 and 2002. It was last sold for £425,000 in January 2023, which was around 19% below the average January 2023 detached price in the Milton Keynes local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

78 PENNYCRESS WAY Sold Prices

Land registry data shows four sales for 78 PENNYCRESS WAY 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 78 PENNYCRESS WAY 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
2023 26 JAN	£425,000	£526,130	19% below HPI
2021 29 SEP	£365,000	£475,618	23% below HPI
2015 6 AUG	£267,000	£367,219	27% below HPI
1997 20 JUN	£78,995	£92,782	15% below HPI

78 PENNYCRESS WAY 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 78 PENNYCRESS WAY sales between June 1997 and January 2023 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 September 2021 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the January 2023 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 78 PENNYCRESS WAY?

78 PENNYCRESS WAY is 83m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 20% of detached houses in Newport Pagnell, based on EPC data. The below chart shows the distribution of detached houses by size in Newport Pagnell, and where 78 PENNYCRESS WAY lies on this distribution: 16% of detached houses are smaller than 78 PENNYCRESS WAY, and 83% of houses are larger. Note that EPC data is not available for all properties in Newport Pagnell.

78 PENNYCRESS WAY: Plot and Title Map

78 PENNYCRESS WAY sits on a plot of roughly 0.051 of an acre, or 205m². The below map shows the location of 78 PENNYCRESS WAY, 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 78 PENNYCRESS WAY). 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 78 PENNYCRESS WAY?

78 PENNYCRESS WAY is located in NEWPORT PAGNELL, in the MK16 postcode district. The below map shows the position of No. 78 on PENNYCRESS WAY.