2, FIELD CLOSE, SHERINGTON, NEWPORT PAGNELL, MK16 9PN - £500,000

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 FIELD CLOSE is a small detached house of 108m², built sometime between 1976 and 1982, which could now be worth an estimated £626,063. It was last sold for £500,000 in May 2020, which was around 11% above the average May 2020 detached price in the Milton Keynes local authority area. The most recent EPC inspection was July 2012, where the current energy rating was C, and the potential energy rating was C.

2 FIELD CLOSE Sold Prices

Land registry data shows three sales for 2 FIELD CLOSE 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 2 FIELD 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
2020 15 MAY	£500,000	£449,232	11% above HPI
2014 18 JUL	£392,500	£341,288	15% above HPI
1998 30 MAR	£158,000	£104,528	51% above HPI

2 FIELD CLOSE 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 2 FIELD CLOSE sales between March 1998 and May 2020 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 2014 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the May 2020 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 2 FIELD CLOSE be worth now?

2 FIELD CLOSE might now be worth an estimated £626,063.

This is based on house price inflation of 25.2%, between May 2020 and June 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 25.2% inflationary increase is applied to the most recent sale price for 2 FIELD CLOSE of £500,000 on 15th May 2020. For the value to have increased from £500,000 to £626,063 over the four years and eleven months to June 2025, the following assumptions must hold true:

• The value of 2 FIELD CLOSE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The May 2020 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FIELD CLOSE has not materially changed since May 2020.

How Large is 2 FIELD CLOSE?

2 FIELD CLOSE is 108m² according to the EPC inspection conducted in July 2012. This puts it in the smallest 30% of detached houses houses in Sherington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sherington, and where 2 FIELD CLOSE lies on this distribution: 22% of detached houses houses are smaller than 2 FIELD CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Sherington.

2 FIELD CLOSE: Plot and Title Map

2 FIELD CLOSE sits on a plot of roughly 0.131 of an acre, or 532m². The below map shows the location of 2 FIELD 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 FIELD 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 FIELD CLOSE?

2 FIELD CLOSE is located in SHERINGTON, in the MK16 postcode district. The below map shows the position of No. 2 on FIELD CLOSE.