1, OTTER CLOSE, BLETCHLEY, MILTON KEYNES, MK3 7QP - £280,000

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 OTTER CLOSE is a very large extended detached house of 167m², built sometime between 1983 and 1990, which could now be worth an estimated £628,900. It was last sold for £280,000 in February 2004, which was around 15% above the average February 2004 detached price in the Milton Keynes local authority area. The most recent EPC inspection was September 2017, where the current energy rating was C, and the potential energy rating was B.

1 OTTER CLOSE Sold Prices

Land registry data shows three sales for 1 OTTER 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 1 OTTER 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
2004 5 FEB	£280,000	£244,399	15% above HPI
2002 8 FEB	£218,000	£181,289	20% above HPI
2000 18 JAN	£170,000	£130,531	30% above HPI

1 OTTER 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 1 OTTER CLOSE sales between January 2000 and February 2004 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 February 2002 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the February 2004 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 1 OTTER CLOSE be worth now?

1 OTTER CLOSE might now be worth an estimated £628,900.

This is based on house price inflation of 124.6%, between February 2004 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 124.6% inflationary increase is applied to the most recent sale price for 1 OTTER CLOSE of £280,000 on 5th February 2004. For the value to have increased from £280,000 to £628,900 over the 21 years and eleven months to March 2026, the following assumptions must hold true:

• The value of 1 OTTER CLOSE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The February 2004 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 1 OTTER CLOSE has not materially changed since February 2004.

How Large is 1 OTTER CLOSE?

1 OTTER CLOSE is 167m², which includes one extension, according to the EPC inspection conducted in September 2017. This puts it in the largest 20% 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 OTTER CLOSE lies on this distribution: 88% of detached houses houses are smaller than 1 OTTER CLOSE, and 12% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

1 OTTER CLOSE: Plot and Title Map

1 OTTER CLOSE sits on a plot of roughly 0.130 of an acre, or 526m². The below map shows the location of 1 OTTER 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 OTTER 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 OTTER CLOSE?

1 OTTER CLOSE is located in BLETCHLEY, in the MK3 postcode district. The below map shows the position of No. 1 on OTTER CLOSE.