16, FAIRWAYS, TWO MILE ASH, MILTON KEYNES, MK8 8AJ - £585,000

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.

16 FAIRWAYS is a large extended detached house of 143m², built sometime between 1976 and 1982, which could now be worth an estimated £623,438. It was last sold for £585,000 in June 2022, which was around 13% above the average June 2022 detached price in the Milton Keynes local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was C.

16 FAIRWAYS Sold Prices

Land registry data shows three sales for 16 FAIRWAYS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the three 16 FAIRWAYS 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
2022 24 JUN	£585,000	£515,876	13% above HPI
1999 2 SEP	£147,500	£125,529	18% above HPI
1997 31 JUL	£100,000	£97,046	3% above HPI

16 FAIRWAYS 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 three 16 FAIRWAYS sales between July 1997 and June 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 September 1999 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the June 2022 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 16 FAIRWAYS be worth now?

16 FAIRWAYS might now be worth an estimated £623,438.

This is based on house price inflation of 6.6%, between June 2022 and May 2026, 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 6.6% inflationary increase is applied to the most recent sale price for 16 FAIRWAYS of £585,000 on 24th June 2022. For the value to have increased from £585,000 to £623,438 over the four years and one month to May 2026, the following assumptions must hold true:

• The value of 16 FAIRWAYS has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The June 2022 sale price of £585,000 represented a fair market value for the property.
• The size, condition, and specification of 16 FAIRWAYS has not materially changed since June 2022.

How Large is 16 FAIRWAYS?

16 FAIRWAYS is 143m², which includes one extension, according to the EPC inspection conducted in October 2021. This puts it in the largest 40% of detached houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Milton Keynes, and where 16 FAIRWAYS lies on this distribution: 68% of detached houses houses are smaller than 16 FAIRWAYS, and 31% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

16 FAIRWAYS: Plot and Title Map

16 FAIRWAYS sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of 16 FAIRWAYS, 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 16 FAIRWAYS). 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 16 FAIRWAYS?

16 FAIRWAYS is located in TWO MILE ASH, in the MK8 postcode district. The below map shows the position of No. 16 on FAIRWAYS.