116, LICHFIELD DOWN, WALNUT TREE, MILTON KEYNES, MK7 7NW - £218,750

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.

116 LICHFIELD DOWN is a very small terraced house of 49m², built sometime between 1991 and 1995, which could now be worth an estimated £262,175. It was last sold for £218,750 in January 2021, which was around 3% below the average January 2021 terraced price in the Milton Keynes local authority area. The most recent EPC inspection was December 2020, where the current energy rating was D, and the potential energy rating was A.

116 LICHFIELD DOWN Sold Prices

Land registry data shows four sales for 116 LICHFIELD DOWN since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Milton Keynes local authority area for the corresponding sale date. Most of the four 116 LICHFIELD DOWN 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
2021 8 JAN	£218,750	£225,898	3% below HPI
2017 20 NOV	£223,000	£219,349	2% above HPI
2002 31 OCT	£108,000	£93,826	15% above HPI
1999 5 NOV	£63,000	£57,521	10% above HPI

116 LICHFIELD DOWN 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 four 116 LICHFIELD DOWN sales between November 1999 and January 2021 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 2017 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the January 2021 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 116 LICHFIELD DOWN be worth now?

116 LICHFIELD DOWN might now be worth an estimated £262,175.

This is based on house price inflation of 19.9%, between January 2021 and March 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 19.9% inflationary increase is applied to the most recent sale price for 116 LICHFIELD DOWN of £218,750 on 8th January 2021. For the value to have increased from £218,750 to £262,175 over the four years and ten months to March 2026, the following assumptions must hold true:

• The value of 116 LICHFIELD DOWN has moved in line with the HPI for terraced houses in the Milton Keynes local authority area.
• The January 2021 sale price of £218,750 represented a fair market value for the property.
• The size, condition, and specification of 116 LICHFIELD DOWN has not materially changed since January 2021.

How Large is 116 LICHFIELD DOWN?

116 LICHFIELD DOWN is 49m² according to the EPC inspection conducted in December 2020. This puts it in the smallest 10% of terraced houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Milton Keynes, and where 116 LICHFIELD DOWN lies on this distribution: 1% of terraced houses houses are smaller than 116 LICHFIELD DOWN, and 99% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

116 LICHFIELD DOWN: Plot and Title Map

116 LICHFIELD DOWN sits on a plot of roughly 0.029 of an acre, or 117m². The below map shows the location of 116 LICHFIELD DOWN, 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 116 LICHFIELD DOWN). 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 116 LICHFIELD DOWN?

116 LICHFIELD DOWN is located in WALNUT TREE, in the MK7 postcode district. The below map shows the position of No. 116 on LICHFIELD DOWN.