2, BALSAM CLOSE, WALNUT TREE, MILTON KEYNES, MK7 7NB - £312,500

2 BALSAM CLOSE is a very large extended detached house of 177m², built sometime between 1996 and 2002. It was last sold for £312,500 in March 2014, which was around 2% above the average March 2014 detached price in the Milton Keynes local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

2 BALSAM CLOSE Sold Prices

Land registry data shows three sales for 2 BALSAM 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 2 BALSAM CLOSE sales were for above 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
2014 7 MAR	£312,500	£307,722	2% above HPI
2001 23 FEB	£160,000	£146,052	10% above HPI
1996 4 OCT	£105,000	£86,071	22% above HPI

2 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 three 2 BALSAM CLOSE sales between October 1996 and March 2014 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 February 2001 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the March 2014 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 2 BALSAM CLOSE?

2 BALSAM CLOSE is 177m², which includes three extensions, according to the EPC inspection conducted in April 2023. This puts it in the largest 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 2 BALSAM CLOSE lies on this distribution: 85% of detached houses are smaller than 2 BALSAM CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

2 BALSAM CLOSE: Plot and Title Map

2 BALSAM CLOSE sits on a plot of roughly 0.071 of an acre, or 288m². The below map shows the location of 2 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 2 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 2 BALSAM CLOSE?

2 BALSAM CLOSE is located in WALNUT TREE, in the MK7 postcode district. The below map shows the position of No. 2 on BALSAM CLOSE.