8, COBERLEY CLOSE, DOWNHEAD PARK, MILTON KEYNES, MK15 9BJ - £425,000

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

8 COBERLEY CLOSE is a midsized extended detached house of 120m², built sometime between 1983 and 1990. It was last sold for £425,000 in January 2021, which was around 5% below the average January 2021 detached price in the Milton Keynes local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was C.

8 COBERLEY CLOSE Sold Prices

Land registry data shows three sales for 8 COBERLEY 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. The three 8 COBERLEY CLOSE sales were a mix of below the average price, and roughly equal to 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
2021 8 JAN	£425,000	£449,211	5% below HPI
2016 4 NOV	£360,000	£406,631	11% below HPI
1999 20 AUG	£118,000	£118,068	Close to HPI

8 COBERLEY 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 8 COBERLEY CLOSE sales between August 1999 and January 2021 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 2016 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the January 2021 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 8 COBERLEY CLOSE?

8 COBERLEY CLOSE is 120m², which includes two extensions, according to the EPC inspection conducted in July 2016. This puts it in the smallest 50% 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 8 COBERLEY CLOSE lies on this distribution: 47% of detached houses are smaller than 8 COBERLEY CLOSE, and 52% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

8 COBERLEY CLOSE: Plot and Title Map

8 COBERLEY CLOSE sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of 8 COBERLEY 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 8 COBERLEY 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 8 COBERLEY CLOSE?

8 COBERLEY CLOSE is located in DOWNHEAD PARK, in the MK15 postcode district. The below map shows the position of No. 8 on COBERLEY CLOSE.