1, EMPINGHAM CLOSE, BLETCHLEY, MILTON KEYNES, MK2 3QT - £155,000

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.

1 EMPINGHAM CLOSE is a very small detached house of 69m², built sometime between 1983 and 1990, which could now be worth an estimated £190,852. It was last sold for £155,000 in September 2019, which was around 65% below the average September 2019 detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

1 EMPINGHAM CLOSE Sold Prices

Land registry data shows two sales for 1 EMPINGHAM CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. Both of the two 1 EMPINGHAM 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
2019 20 SEP	£155,000	£445,818	65% below HPI
2003 4 APR	£72,500	£237,166	69% below HPI

1 EMPINGHAM 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 two 1 EMPINGHAM CLOSE sales from April 2003 and September 2019 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 April 2003 sale was for 69% below the HPI. So the extrapolation line tracks at 69% below the HPI over time, until the September 2019 sale, where it rises to 65% below the HPI. The line then continues to track at 65% below the HPI.

What might 1 EMPINGHAM CLOSE be worth now?

1 EMPINGHAM CLOSE might now be worth an estimated £190,852.

This is based on house price inflation of 23.1%, between September 2019 and March 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 23.1% inflationary increase is applied to the most recent sale price for 1 EMPINGHAM CLOSE of £155,000 on 20th September 2019. For the value to have increased from £155,000 to £190,852 over the seven years and six months to March 2026, the following assumptions must hold true:

• The value of 1 EMPINGHAM CLOSE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The September 2019 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of 1 EMPINGHAM CLOSE has not materially changed since September 2019.

How Large is 1 EMPINGHAM CLOSE?

1 EMPINGHAM CLOSE is 69m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 10% of detached houses houses in Bletchley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bletchley, and where 1 EMPINGHAM CLOSE lies on this distribution: 6% of detached houses houses are smaller than 1 EMPINGHAM CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

1 EMPINGHAM CLOSE: Plot and Title Map

1 EMPINGHAM CLOSE sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 1 EMPINGHAM 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 1 EMPINGHAM 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 1 EMPINGHAM CLOSE?

1 EMPINGHAM CLOSE is located in BLETCHLEY, in the MK2 postcode district. The below map shows the position of No. 1 on EMPINGHAM CLOSE.