12, LOTHIAN CLOSE, BLETCHLEY, MILTON KEYNES, MK3 7SH - £550,000

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.

12 LOTHIAN CLOSE is a very large extended detached house of 165m², built sometime between 1991 and 1995, which could now be worth an estimated £576,827. It was last sold for £550,000 in September 2022, which was around 2% above the average September 2022 detached price in the Milton Keynes local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was C.

12 LOTHIAN CLOSE Sold Prices

Land registry data shows four sales for 12 LOTHIAN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. One of the four 12 LOTHIAN CLOSE sales was for above the average price, whilst two 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 23 SEP	£550,000	£539,127	2% above HPI
2012 14 DEC	£290,000	£290,936	Close to HPI
2005 9 DEC	£215,000	£259,813	17% below HPI
2002 28 MAR	£154,000	£182,733	16% below HPI

12 LOTHIAN 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 four 12 LOTHIAN CLOSE sales between March 2002 and September 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 December 2012 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the September 2022 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 12 LOTHIAN CLOSE be worth now?

12 LOTHIAN CLOSE might now be worth an estimated £576,827.

This is based on house price inflation of 4.9%, between September 2022 and February 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 4.9% inflationary increase is applied to the most recent sale price for 12 LOTHIAN CLOSE of £550,000 on 23rd September 2022. For the value to have increased from £550,000 to £576,827 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 12 LOTHIAN CLOSE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The September 2022 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 12 LOTHIAN CLOSE has not materially changed since September 2022.

How Large is 12 LOTHIAN CLOSE?

12 LOTHIAN CLOSE is 165m², which includes two extensions, according to the EPC inspection conducted in July 2022. 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 12 LOTHIAN CLOSE lies on this distribution: 88% of detached houses houses are smaller than 12 LOTHIAN CLOSE, and 12% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

12 LOTHIAN CLOSE: Plot and Title Map

12 LOTHIAN CLOSE sits on a plot of roughly 0.081 of an acre, or 326m². The below map shows the location of 12 LOTHIAN 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 12 LOTHIAN 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 12 LOTHIAN CLOSE?

12 LOTHIAN CLOSE is located in BLETCHLEY, in the MK3 postcode district. The below map shows the position of No. 12 on LOTHIAN CLOSE.