11, MARGARITA GARDENS, NEWTON LEYS, MILTON KEYNES, MK3 5FP - £390,000

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.

11 MARGARITA GARDENS is a small detached house of 98m², built sometime between 2007 and 2011, which could now be worth an estimated £446,959. It was last sold for £390,000 in February 2022, which was around 23% below the average February 2022 detached price in the Milton Keynes local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

11 MARGARITA GARDENS Sold Prices

Land registry data shows two sales for 11 MARGARITA GARDENS 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 11 MARGARITA GARDENS 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
2022 7 FEB	£390,000	£505,506	23% below HPI
2011 3 MAR	£210,500	£273,897	23% below HPI

11 MARGARITA GARDENS 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 11 MARGARITA GARDENS sales from March 2011 and February 2022 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 March 2011 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the February 2022 sale, which was also at 23% below the HPI.

What might 11 MARGARITA GARDENS be worth now?

11 MARGARITA GARDENS might now be worth an estimated £446,959.

This is based on house price inflation of 14.6%, between February 2022 and March 2025, 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 14.6% inflationary increase is applied to the most recent sale price for 11 MARGARITA GARDENS of £390,000 on 7th February 2022. For the value to have increased from £390,000 to £446,959 over the two years and eleven months to March 2025, the following assumptions must hold true:

• The value of 11 MARGARITA GARDENS has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The February 2022 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 11 MARGARITA GARDENS has not materially changed since February 2022.

How Large is 11 MARGARITA GARDENS?

11 MARGARITA GARDENS is 98m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 40% 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 11 MARGARITA GARDENS lies on this distribution: 32% of detached houses houses are smaller than 11 MARGARITA GARDENS, and 67% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

11 MARGARITA GARDENS: Plot and Title Map

11 MARGARITA GARDENS sits on a plot of roughly 0.047 of an acre, or 192m². The below map shows the location of 11 MARGARITA GARDENS, 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 11 MARGARITA GARDENS). 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 11 MARGARITA GARDENS?

11 MARGARITA GARDENS is located in NEWTON LEYS, in the MK3 postcode district. The below map shows the position of No. 11 on MARGARITA GARDENS.