5, HORNBY CHASE, EMERSON VALLEY, MILTON KEYNES, MK4 2JZ - £280,000

5 HORNBY CHASE is a very small detached house of 77m², built sometime between 1991 and 1995. It was last sold for £280,000 in September 2015, which was around 26% below the average September 2015 detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

5 HORNBY CHASE Sold Prices

Land registry data shows three sales for 5 HORNBY CHASE 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 5 HORNBY CHASE 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
2015 17 SEP	£280,000	£376,388	26% below HPI
2003 13 JUN	£187,000	£222,418	16% below HPI
1996 31 JUL	£75,950	£86,052	12% below HPI

5 HORNBY CHASE 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 5 HORNBY CHASE sales between July 1996 and September 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 June 2003 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the September 2015 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 5 HORNBY CHASE?

5 HORNBY CHASE is 77m² according to the EPC inspection conducted in May 2015. 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 5 HORNBY CHASE lies on this distribution: 10% of detached houses are smaller than 5 HORNBY CHASE, and 90% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

5 HORNBY CHASE: Plot and Title Map

5 HORNBY CHASE sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 5 HORNBY CHASE, 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 5 HORNBY CHASE). 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 5 HORNBY CHASE?

5 HORNBY CHASE is located in EMERSON VALLEY, in the MK4 postcode district. The below map shows the position of No. 5 on HORNBY CHASE.