8, MARTELL CLOSE, CALDECOTTE, MILTON KEYNES, MK7 8AG - £282,500

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 MARTELL CLOSE is a small extended detached house of 93m², built sometime between 1996 and 2002. It was last sold for £282,500 in September 2015, which was around 25% below the average September 2015 detached price in the Milton Keynes local authority area. The most recent EPC inspection was April 2015, where the current energy rating was C, and the potential energy rating was B.

8 MARTELL CLOSE Sold Prices

Land registry data shows three sales for 8 MARTELL 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 8 MARTELL 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
2015 4 SEP	£282,500	£376,388	25% below HPI
2005 12 OCT	£190,000	£253,429	25% below HPI
2002 22 FEB	£142,500	£175,387	19% below HPI

8 MARTELL 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 MARTELL CLOSE sales between February 2002 and September 2015 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 October 2005 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the September 2015 sale, which was also at 25% below the HPI.

How Large is 8 MARTELL CLOSE?

8 MARTELL CLOSE is 93m², which includes one extension, according to the EPC inspection conducted in April 2015. 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 8 MARTELL CLOSE lies on this distribution: 22% of detached houses are smaller than 8 MARTELL CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

8 MARTELL CLOSE: Plot and Title Map

8 MARTELL CLOSE sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 8 MARTELL 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 MARTELL 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 MARTELL CLOSE?

8 MARTELL CLOSE is located in CALDECOTTE, in the MK7 postcode district. The below map shows the position of No. 8 on MARTELL CLOSE.