42, PASTERN PLACE, DOWNS BARN, MILTON KEYNES, MK14 7RH - £355,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

42 PASTERN PLACE is a midsized detached house of 120m², built sometime between 1996 and 2002, which could now be worth an estimated £569,235. It was last sold for £355,000 in May 2015, which was around 2% below the average May 2015 detached price in the Milton Keynes local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was B.

42 PASTERN PLACE Sold Prices

Land registry data shows three sales for 42 PASTERN PLACE 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. One of the three 42 PASTERN PLACE sales was for below the average price, whilst two 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
2015 28 MAY	£355,000	£361,299	2% below HPI
2003 19 MAY	£275,000	£233,533	18% above HPI
2000 21 JAN	£149,950	£130,531	15% above HPI

42 PASTERN PLACE 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 42 PASTERN PLACE sales between January 2000 and May 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 May 2003 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the May 2015 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 42 PASTERN PLACE be worth now?

42 PASTERN PLACE might now be worth an estimated £569,235.

This is based on house price inflation of 60.3%, between May 2015 and March 2025, for detached houses, in the Milton Keynes local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 60.3% inflationary increase is applied to the most recent sale price for 42 PASTERN PLACE of £355,000 on 28th May 2015. For the value to have increased from £355,000 to £569,235 over the ten years and two months to March 2025, the following assumptions must hold true:

• The value of 42 PASTERN PLACE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The May 2015 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 42 PASTERN PLACE has not materially changed since May 2015.

How Large is 42 PASTERN PLACE?

42 PASTERN PLACE is 120m² according to the EPC inspection conducted in September 2013. This puts it in the smallest 50% of detached houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Milton Keynes, and where 42 PASTERN PLACE lies on this distribution: 47% of detached houses houses are smaller than 42 PASTERN PLACE, and 52% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

42 PASTERN PLACE: Plot and Title Map

42 PASTERN PLACE sits on a plot of roughly 0.085 of an acre, or 344m². The below map shows the location of 42 PASTERN PLACE, 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 42 PASTERN PLACE). 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 42 PASTERN PLACE?

42 PASTERN PLACE is located in DOWNS BARN, in the MK14 postcode district. The below map shows the position of No. 42 on PASTERN PLACE.