2, COTMAN CLOSE, GREENLEYS, MILTON KEYNES, MK12 6AF - £250,000

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 COTMAN CLOSE is a very small terraced house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £302,143. It was last sold for £250,000 in June 2018, which was around 14% above the average June 2018 terraced price in the Milton Keynes local authority area. The most recent EPC inspection was November 2013, where the current energy rating was C, and the potential energy rating was B.

2 COTMAN CLOSE Sold Prices

Land registry data shows five sales for 2 COTMAN CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Milton Keynes local authority area for the corresponding sale date. The five 2 COTMAN CLOSE sales were a mix of above the average price, roughly equal to the average price, and 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 18 JUN	£250,000	£219,547	14% above HPI
2011 15 JUN	£127,500	£134,452	5% below HPI
2006 19 JUL	£140,000	£136,949	2% above HPI
2003 7 MAR	£106,000	£104,200	2% above HPI
1999 1 APR	£51,000	£51,001	Close to HPI

2 COTMAN 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 five 2 COTMAN CLOSE sales between April 1999 and June 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 2011 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the June 2018 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 2 COTMAN CLOSE be worth now?

2 COTMAN CLOSE might now be worth an estimated £302,143.

This is based on house price inflation of 20.9%, between June 2018 and April 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 20.9% inflationary increase is applied to the most recent sale price for 2 COTMAN CLOSE of £250,000 on 18th June 2018. For the value to have increased from £250,000 to £302,143 over the eight years and two months to April 2026, the following assumptions must hold true:

• The value of 2 COTMAN CLOSE has moved in line with the HPI for terraced houses in the Milton Keynes local authority area.
• The June 2018 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 2 COTMAN CLOSE has not materially changed since June 2018.

How Large is 2 COTMAN CLOSE?

2 COTMAN CLOSE is 84m² according to the EPC inspection conducted in November 2013. 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 COTMAN CLOSE lies on this distribution: 14% of terraced houses houses are smaller than 2 COTMAN CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

2 COTMAN CLOSE: Plot and Title Map

2 COTMAN CLOSE sits on a plot of roughly 0.052 of an acre, or 210m². The below map shows the location of 2 COTMAN 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 COTMAN 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 COTMAN CLOSE?

2 COTMAN CLOSE is located in GREENLEYS, in the MK12 postcode district. The below map shows the position of No. 2 on COTMAN CLOSE.