14, BALSAM CLOSE, WALNUT TREE, MILTON KEYNES, MK7 7NB - £225,000

14 BALSAM CLOSE is a very small detached house of 82m², built sometime between 1991 and 1995. It was last sold for £225,000 in November 2013, which was around 24% below the average November 2013 detached price in the Milton Keynes local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was C.

14 BALSAM CLOSE Sold Prices

Land registry data shows two sales for 14 BALSAM 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 14 BALSAM 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
2013 29 NOV	£225,000	£297,600	24% below HPI
2006 25 NOV	£176,000	£271,793	35% below HPI

14 BALSAM 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 14 BALSAM CLOSE sales from November 2006 and November 2013 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 2006 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the November 2013 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 14 BALSAM CLOSE?

14 BALSAM CLOSE is 82m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 20% 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 14 BALSAM CLOSE lies on this distribution: 13% of detached houses are smaller than 14 BALSAM CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

14 BALSAM CLOSE: Plot and Title Map

14 BALSAM CLOSE sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 14 BALSAM 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 14 BALSAM 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 14 BALSAM CLOSE?

14 BALSAM CLOSE is located in WALNUT TREE, in the MK7 postcode district. The below map shows the position of No. 14 on BALSAM CLOSE.