2, RICHMOND CLOSE, BLETCHLEY, MILTON KEYNES, MK3 7TS - £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 RICHMOND CLOSE is a small detached house of 102m², built sometime between 1950 and 1966, which could now be worth an estimated £387,475. It was last sold for £250,000 in December 2014, which was around 29% below the average December 2014 detached price in the Milton Keynes local authority area. The most recent EPC inspection was February 2014, where the current energy rating was F, and the potential energy rating was B.

2 RICHMOND CLOSE Sold Prices

Land registry data shows two sales for 2 RICHMOND CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. Both of the two 2 RICHMOND CLOSE 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
2014 16 DEC	£250,000	£354,176	29% below HPI
2014 28 JUL	£165,000	£341,288	52% below HPI

2 RICHMOND 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 two 2 RICHMOND CLOSE sales from July 2014 and December 2014 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 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the December 2014 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 2 RICHMOND CLOSE be worth now?

2 RICHMOND CLOSE might now be worth an estimated £387,475.

This is based on house price inflation of 55%, between December 2014 and March 2026, 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 55% inflationary increase is applied to the most recent sale price for 2 RICHMOND CLOSE of £250,000 on 16th December 2014. For the value to have increased from £250,000 to £387,475 over the twelve years and nine months to March 2026, the following assumptions must hold true:

• The value of 2 RICHMOND CLOSE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The December 2014 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 2 RICHMOND CLOSE has not materially changed since December 2014.

How Large is 2 RICHMOND CLOSE?

2 RICHMOND CLOSE is 102m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 40% of detached houses houses in Bletchley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bletchley, and where 2 RICHMOND CLOSE lies on this distribution: 36% of detached houses houses are smaller than 2 RICHMOND CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

2 RICHMOND CLOSE: Plot and Title Map

2 RICHMOND CLOSE sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of 2 RICHMOND 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 RICHMOND 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 RICHMOND CLOSE?

2 RICHMOND CLOSE is located in BLETCHLEY, in the MK3 postcode district. The below map shows the position of No. 2 on RICHMOND CLOSE.