18, HOCKLIFFE BRAE, WALNUT TREE, MILTON KEYNES, MK7 7BQ - £325,000

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.

18 HOCKLIFFE BRAE is a small extended detached house of 93m², built sometime between 1991 and 1995, which could now be worth an estimated £405,937. It was last sold for £325,000 in November 2018, which was around 28% below the average November 2018 detached price in the Milton Keynes local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was C.

18 HOCKLIFFE BRAE Sold Prices

Land registry data shows four sales for 18 HOCKLIFFE BRAE 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. All of the four 18 HOCKLIFFE BRAE 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
2018 1 NOV	£325,000	£452,688	28% below HPI
2013 24 JUN	£220,000	£299,890	27% below HPI
2006 16 MAR	£191,000	£263,375	27% below HPI
1999 18 JUN	£93,000	£117,941	21% below HPI

18 HOCKLIFFE BRAE 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 18 HOCKLIFFE BRAE sales between June 1999 and November 2018 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 June 2013 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the November 2018 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 18 HOCKLIFFE BRAE be worth now?

18 HOCKLIFFE BRAE might now be worth an estimated £405,937.

This is based on house price inflation of 24.9%, between November 2018 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 24.9% inflationary increase is applied to the most recent sale price for 18 HOCKLIFFE BRAE of £325,000 on 1st November 2018. For the value to have increased from £325,000 to £405,937 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 18 HOCKLIFFE BRAE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The November 2018 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 18 HOCKLIFFE BRAE has not materially changed since November 2018.

How Large is 18 HOCKLIFFE BRAE?

18 HOCKLIFFE BRAE is 93m², which includes one extension, according to the EPC inspection conducted in June 2018. This puts it in the smallest 30% 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 18 HOCKLIFFE BRAE lies on this distribution: 22% of detached houses houses are smaller than 18 HOCKLIFFE BRAE, and 77% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

18 HOCKLIFFE BRAE: Plot and Title Map

18 HOCKLIFFE BRAE sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 18 HOCKLIFFE BRAE, 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 18 HOCKLIFFE BRAE). 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 18 HOCKLIFFE BRAE?

18 HOCKLIFFE BRAE is located in WALNUT TREE, in the MK7 postcode district. The below map shows the position of No. 18 on HOCKLIFFE BRAE.