10, RAYS CLOSE, BLETCHLEY, MILTON KEYNES, MK2 3FG - £245,000

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.

10 RAYS CLOSE is a very small terraced house of 77m², built sometime between 2007 and 2011, which could now be worth an estimated £316,063. It was last sold for £245,000 in September 2016, which was around 19% above the average September 2016 terraced price in the Milton Keynes local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was B.

10 RAYS CLOSE Sold Prices

Land registry data shows two sales for 10 RAYS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Milton Keynes local authority area for the corresponding sale date. Both of the two 10 RAYS 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
2016 23 SEP	£245,000	£205,680	19% above HPI
2007 18 DEC	£176,950	£157,662	12% above HPI

10 RAYS CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Milton Keynes local authority area over time, sourced from the HPI. The two 10 RAYS CLOSE sales from December 2007 and September 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 December 2007 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the September 2016 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 10 RAYS CLOSE be worth now?

10 RAYS CLOSE might now be worth an estimated £316,063.

This is based on house price inflation of 29%, between September 2016 and April 2026, for terraced 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 29% inflationary increase is applied to the most recent sale price for 10 RAYS CLOSE of £245,000 on 23rd September 2016. For the value to have increased from £245,000 to £316,063 over the ten years and five months to April 2026, the following assumptions must hold true:

• The value of 10 RAYS CLOSE has moved in line with the HPI for terraced houses in the Milton Keynes local authority area.
• The September 2016 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 10 RAYS CLOSE has not materially changed since September 2016.

How Large is 10 RAYS CLOSE?

10 RAYS CLOSE is 77m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 20% of terraced houses houses in Bletchley, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Bletchley, and where 10 RAYS CLOSE lies on this distribution: 12% of terraced houses houses are smaller than 10 RAYS CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

10 RAYS CLOSE: Plot and Title Map

10 RAYS CLOSE sits on a plot of roughly 0.039 of an acre, or 159m². The below map shows the location of 10 RAYS 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 10 RAYS 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 10 RAYS CLOSE?

10 RAYS CLOSE is located in BLETCHLEY, in the MK2 postcode district. The below map shows the position of No. 10 on RAYS CLOSE.