2, RATHBONE CLOSE, CROWNHILL, MILTON KEYNES, MK8 0DT - £248,000

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 RATHBONE CLOSE is a very small semi-detached house of 45m², built sometime between 1991 and 1995, which could now be worth an estimated £321,466. It was last sold for £248,000 in September 2019, which was around 5% below the average September 2019 semi-detached price in the Milton Keynes local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was B.

2 RATHBONE CLOSE Sold Prices

Land registry data shows five sales for 2 RATHBONE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Milton Keynes local authority area for the corresponding sale date. The five 2 RATHBONE CLOSE sales were a mix of below the average price, roughly equal to the average price, and 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 19 SEP	£248,000	£259,788	5% below HPI
2007 20 JUL	£170,000	£179,674	5% below HPI
2006 10 FEB	£144,500	£154,671	7% below HPI
1998 25 JUN	£59,995	£60,133	Close to HPI
1997 21 FEB	£55,950	£51,015	10% above HPI

2 RATHBONE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Milton Keynes local authority area over time, sourced from the HPI. The five 2 RATHBONE CLOSE sales between February 1997 and September 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 2007 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the September 2019 sale, which was also at 5% below the HPI.

What might 2 RATHBONE CLOSE be worth now?

2 RATHBONE CLOSE might now be worth an estimated £321,466.

This is based on house price inflation of 29.6%, between September 2019 and February 2025, for semi-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 29.6% inflationary increase is applied to the most recent sale price for 2 RATHBONE CLOSE of £248,000 on 19th September 2019. For the value to have increased from £248,000 to £321,466 over the six years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 RATHBONE CLOSE has moved in line with the HPI for semi-detached houses in the Milton Keynes local authority area.
• The September 2019 sale price of £248,000 represented a fair market value for the property.
• The size, condition, and specification of 2 RATHBONE CLOSE has not materially changed since September 2019.

How Large is 2 RATHBONE CLOSE?

2 RATHBONE CLOSE is 45m² according to the EPC inspection conducted in June 2019. This puts it in the smallest 10% of semi-detached houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Milton Keynes, and where 2 RATHBONE CLOSE lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 2 RATHBONE CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

2 RATHBONE CLOSE: Plot and Title Map

2 RATHBONE CLOSE sits on a plot of roughly 0.044 of an acre, or 179m². The below map shows the location of 2 RATHBONE 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 RATHBONE 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 RATHBONE CLOSE?

2 RATHBONE CLOSE is located in CROWNHILL, in the MK8 postcode district. The below map shows the position of No. 2 on RATHBONE CLOSE.