2, BARNET CLOSE, OAKHILL, MILTON KEYNES, MK5 6BF - £300,000

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.

2 BARNET CLOSE is a very small terraced house of 88m², built sometime between 2003 and 2006, which could now be worth an estimated £382,871. It was last sold for £300,000 in January 2019, which was around 41% above the average January 2019 terraced price in the Milton Keynes local authority area. The most recent EPC inspection was November 2018, where the current energy rating was C, and the potential energy rating was B.

2 BARNET CLOSE Sold Prices

Land registry data shows four sales for 2 BARNET CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Milton Keynes local authority area for the corresponding sale date. All of the four 2 BARNET CLOSE 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
2019 11 JAN	£300,000	£212,318	41% above HPI
2013 1 JUL	£218,000	£149,275	46% above HPI
2008 22 FEB	£228,000	£154,913	47% above HPI
2005 29 APR	£216,950	£127,070	71% above HPI

2 BARNET CLOSE 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 four 2 BARNET CLOSE sales between April 2005 and January 2019 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 2013 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the January 2019 sale, where it falls to 41% above the HPI. The line then continues to track at 41% above the HPI.

What might 2 BARNET CLOSE be worth now?

2 BARNET CLOSE might now be worth an estimated £382,871.

This is based on house price inflation of 27.6%, between January 2019 and May 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 27.6% inflationary increase is applied to the most recent sale price for 2 BARNET CLOSE of £300,000 on 11th January 2019. For the value to have increased from £300,000 to £382,871 over the six years and eight months to May 2026, the following assumptions must hold true:

• The value of 2 BARNET CLOSE has moved in line with the HPI for terraced houses in the Milton Keynes local authority area.
• The January 2019 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BARNET CLOSE has not materially changed since January 2019.

How Large is 2 BARNET CLOSE?

2 BARNET CLOSE is 88m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 20% of terraced houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Milton Keynes, and where 2 BARNET CLOSE lies on this distribution: 17% of terraced houses houses are smaller than 2 BARNET CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

2 BARNET CLOSE: Plot and Title Map

2 BARNET CLOSE sits on a plot of roughly 0.041 of an acre, or 165m². The below map shows the location of 2 BARNET 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 2 BARNET 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 2 BARNET CLOSE?

2 BARNET CLOSE is located in OAKHILL, in the MK5 postcode district. The below map shows the position of No. 2 on BARNET CLOSE.