8, SKIPTON CLOSE, WILLEN PARK, MILTON KEYNES, MK15 9DJ - £467,500

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.

8 SKIPTON CLOSE is a large extended detached house of 157m², built sometime between 1983 and 1990, which could now be worth an estimated £712,823. It was last sold for £467,500 in February 2015, which was around 30% above the average February 2015 detached price in the Milton Keynes local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was C.

8 SKIPTON CLOSE Sold Prices

Land registry data shows three sales for 8 SKIPTON 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 8 SKIPTON 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
2015 17 FEB	£467,500	£360,564	30% above HPI
2004 30 NOV	£350,000	£265,793	32% above HPI
1997 5 SEP	£146,000	£98,796	48% above HPI

8 SKIPTON 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 8 SKIPTON CLOSE sales between September 1997 and February 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 November 2004 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the February 2015 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might 8 SKIPTON CLOSE be worth now?

8 SKIPTON CLOSE might now be worth an estimated £712,823.

This is based on house price inflation of 52.5%, between February 2015 and May 2026, 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 52.5% inflationary increase is applied to the most recent sale price for 8 SKIPTON CLOSE of £467,500 on 17th February 2015. For the value to have increased from £467,500 to £712,823 over the ten years and nine months to May 2026, the following assumptions must hold true:

• The value of 8 SKIPTON CLOSE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The February 2015 sale price of £467,500 represented a fair market value for the property.
• The size, condition, and specification of 8 SKIPTON CLOSE has not materially changed since February 2015.

How Large is 8 SKIPTON CLOSE?

8 SKIPTON CLOSE is 157m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the largest 30% 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 8 SKIPTON CLOSE lies on this distribution: 76% of detached houses houses are smaller than 8 SKIPTON CLOSE, and 23% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

8 SKIPTON CLOSE: Plot and Title Map

8 SKIPTON CLOSE sits on a plot of roughly 0.158 of an acre, or 640m². The below map shows the location of 8 SKIPTON 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 8 SKIPTON 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 8 SKIPTON CLOSE?

8 SKIPTON CLOSE is located in WILLEN PARK, in the MK15 postcode district. The below map shows the position of No. 8 on SKIPTON CLOSE.