7, CHERLETON, TWO MILE ASH, MILTON KEYNES, MK8 8LL - £198,000

7 CHERLETON is a very small detached house of 70m², built sometime between 1991 and 1995. It was last sold for £198,000 in August 2012, which was around 30% below the average August 2012 detached price in the Milton Keynes local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was B.

7 CHERLETON Sold Prices

Land registry data shows four sales for 7 CHERLETON since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the four 7 CHERLETON 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
2012 31 AUG	£198,000	£284,349	30% below HPI
2002 5 AUG	£130,000	£199,243	35% below HPI
2000 15 DEC	£59,950	£150,700	60% below HPI
1995 22 FEB	£59,000	£82,703	29% below HPI

7 CHERLETON 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 four 7 CHERLETON sales between February 1995 and August 2012 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 August 2002 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the August 2012 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 7 CHERLETON?

7 CHERLETON is 70m² according to the EPC inspection conducted in January 2023. 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 7 CHERLETON lies on this distribution: 5% of detached houses are smaller than 7 CHERLETON, and 94% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

7 CHERLETON: Plot and Title Map

7 CHERLETON sits on a plot of roughly 0.036 of an acre, or 146m². The below map shows the location of 7 CHERLETON, 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 7 CHERLETON). 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 7 CHERLETON?

7 CHERLETON is located in TWO MILE ASH, in the MK8 postcode district. The below map shows the position of No. 7 on CHERLETON.