12, RAYS CLOSE, BLETCHLEY, MILTON KEYNES, MK2 3FG - £260,000

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 RAYS CLOSE is a small extended detached house of 90m², built sometime from 2007 onwards, which could now be worth an estimated £344,484. It was last sold for £260,000 in February 2017, which was around 41% below the average February 2017 detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

12 RAYS CLOSE Sold Prices

Land registry data shows two sales for 12 RAYS CLOSE 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 12 RAYS CLOSE 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
2017 3 FEB	£260,000	£437,254	41% below HPI
2009 31 JUL	£194,950	£262,614	26% below HPI

12 RAYS 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 two 12 RAYS CLOSE sales from July 2009 and February 2017 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 July 2009 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the February 2017 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 12 RAYS CLOSE be worth now?

12 RAYS CLOSE might now be worth an estimated £344,484.

This is based on house price inflation of 32.5%, between February 2017 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 32.5% inflationary increase is applied to the most recent sale price for 12 RAYS CLOSE of £260,000 on 3rd February 2017. For the value to have increased from £260,000 to £344,484 over the seven years and eleven months to March 2025, the following assumptions must hold true:

• The value of 12 RAYS CLOSE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The February 2017 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 12 RAYS CLOSE has not materially changed since February 2017.

How Large is 12 RAYS CLOSE?

12 RAYS CLOSE is 90m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the smallest 30% 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 RAYS CLOSE lies on this distribution: 23% of detached houses houses are smaller than 12 RAYS CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

12 RAYS CLOSE: Plot and Title Map

12 RAYS CLOSE sits on a plot of roughly 0.034 of an acre, or 139m². The below map shows the location of 12 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 12 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 12 RAYS CLOSE?

12 RAYS CLOSE is located in BLETCHLEY, in the MK2 postcode district. The below map shows the position of No. 12 on RAYS CLOSE.