8, SCHUMANN CLOSE, BROWNS WOOD, MILTON KEYNES, MK7 8DL - £200,000

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

8 SCHUMANN CLOSE is a small extended detached house of 94m², built sometime between 1983 and 1990. It was last sold for £200,000 in July 2003, which was around 11% below the average July 2003 detached price in the Milton Keynes local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was C.

8 SCHUMANN CLOSE Sold Prices

Land registry data shows two sales for 8 SCHUMANN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. Both of the two 8 SCHUMANN 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
2003 11 JUL	£200,000	£224,157	11% below HPI
1996 1 NOV	£83,000	£87,447	5% below HPI

8 SCHUMANN 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 two 8 SCHUMANN CLOSE sales from November 1996 and July 2003 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 1996 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the July 2003 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 8 SCHUMANN CLOSE?

8 SCHUMANN CLOSE is 94m², which includes one extension, according to the EPC inspection conducted in March 2016. 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 SCHUMANN CLOSE lies on this distribution: 23% of detached houses are smaller than 8 SCHUMANN CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

8 SCHUMANN CLOSE: Plot and Title Map

8 SCHUMANN CLOSE sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of 8 SCHUMANN 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 SCHUMANN 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 SCHUMANN CLOSE?

8 SCHUMANN CLOSE is located in BROWNS WOOD, in the MK7 postcode district. The below map shows the position of No. 8 on SCHUMANN CLOSE.