7, PENMON CLOSE, MONKSTON, MILTON KEYNES, MK10 9ET - £347,500

7 PENMON CLOSE is a very small detached house of 82m², built sometime between 1996 and 2002. It was last sold for £347,500 in July 2016, which was around 16% below the average July 2016 detached price in the Milton Keynes local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was C.

7 PENMON CLOSE Sold Prices

Land registry data shows three sales for 7 PENMON 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 7 PENMON 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
2016 4 JUL	£347,500	£415,310	16% below HPI
2005 11 NOV	£184,000	£251,930	27% below HPI
1999 1 DEC	£91,950	£126,981	28% below HPI

7 PENMON 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 7 PENMON CLOSE sales between December 1999 and July 2016 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 2005 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the July 2016 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 7 PENMON CLOSE?

7 PENMON CLOSE is 82m² according to the EPC inspection conducted in January 2016. 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 7 PENMON CLOSE lies on this distribution: 13% of detached houses are smaller than 7 PENMON CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

7 PENMON CLOSE: Plot and Title Map

7 PENMON CLOSE sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 7 PENMON 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 7 PENMON 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 7 PENMON CLOSE?

7 PENMON CLOSE is located in MONKSTON, in the MK10 postcode district. The below map shows the position of No. 7 on PENMON CLOSE.