17, PENN ROAD, BLETCHLEY, MILTON KEYNES, MK2 2AU - £290,000

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.

17 PENN ROAD is a midsized extended terraced house of 108m², built sometime between 1996 and 2002, which could now be worth an estimated £374,739. It was last sold for £290,000 in May 2017, which was around 35% above the average May 2017 terraced price in the Milton Keynes local authority area. The most recent EPC inspection was April 2016, where the current energy rating was C, and the potential energy rating was B.

17 PENN ROAD Sold Prices

Land registry data shows three sales for 17 PENN ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Milton Keynes local authority area for the corresponding sale date. All of the three 17 PENN ROAD 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
2017 17 MAY	£290,000	£214,182	35% above HPI
2007 5 FEB	£190,000	£144,242	32% above HPI
1999 2 JUL	£109,950	£53,052	107% above HPI

17 PENN ROAD 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 three 17 PENN ROAD sales between July 1999 and May 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 February 2007 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the May 2017 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 17 PENN ROAD be worth now?

17 PENN ROAD might now be worth an estimated £374,739.

This is based on house price inflation of 29.2%, between May 2017 and July 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 29.2% inflationary increase is applied to the most recent sale price for 17 PENN ROAD of £290,000 on 17th May 2017. For the value to have increased from £290,000 to £374,739 over the eight years and ten months to July 2026, the following assumptions must hold true:

• The value of 17 PENN ROAD has moved in line with the HPI for terraced houses in the Milton Keynes local authority area.
• The May 2017 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 17 PENN ROAD has not materially changed since May 2017.

How Large is 17 PENN ROAD?

17 PENN ROAD is 108m², which includes one extension, according to the EPC inspection conducted in April 2016. This puts it in the smallest 50% of terraced houses houses in Bletchley, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Bletchley, and where 17 PENN ROAD lies on this distribution: 43% of terraced houses houses are smaller than 17 PENN ROAD, and 56% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

17 PENN ROAD: Plot and Title Map

17 PENN ROAD sits on a plot of roughly 0.038 of an acre, or 153m². The below map shows the location of 17 PENN ROAD, 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 17 PENN ROAD). 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 17 PENN ROAD?

17 PENN ROAD is located in BLETCHLEY, in the MK2 postcode district. The below map shows the position of No. 17 on PENN ROAD.