THE OLD WORKSHOP, JERSEY ROAD, WOLVERTON, MILTON KEYNES, MK12 5BN - £230,000

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

THE OLD WORKSHOP is a very small extended detached house of 67m², built sometime between 1900 and 1929. It was last sold for £230,000 in May 2020, which was around 47% below the average May 2020 detached price in the Milton Keynes local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was C.

THE OLD WORKSHOP Sold Prices

Land registry data shows two sales for THE OLD WORKSHOP 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 THE OLD WORKSHOP 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
2020 4 MAY	£230,000	£434,608	47% below HPI
2017 14 DEC	£250,000	£442,444	43% below HPI

THE OLD WORKSHOP 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 THE OLD WORKSHOP sales from December 2017 and May 2020 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 December 2017 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the May 2020 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is THE OLD WORKSHOP?

THE OLD WORKSHOP is 67m², which includes two extensions, according to the EPC inspection conducted in April 2013. This puts it in the smallest 10% 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 THE OLD WORKSHOP lies on this distribution: 4% of detached houses are smaller than THE OLD WORKSHOP, and 96% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

THE OLD WORKSHOP: Plot and Title Map

THE OLD WORKSHOP sits on a plot of roughly 0.014 of an acre, or 55m². The below map shows the location of THE OLD WORKSHOP, 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 THE OLD WORKSHOP). 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 THE OLD WORKSHOP?

THE OLD WORKSHOP is located on JERSEY ROAD in WOLVERTON, in the MK12 postcode district. The below map shows the position of THE OLD WORKSHOP on JERSEY ROAD.