2, TASMANIA GROVE, NEWTON LEYS, MILTON KEYNES, MK3 5GY - £325,000

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 TASMANIA GROVE is a small detached house of 100m², which could now be worth an estimated £405,353. It was last sold for £325,000 in June 2019, which was around 26% below the average June 2019 detached price in the Milton Keynes local authority area. The most recent EPC inspection was December 2014, where the current energy rating was B, and the potential energy rating was B.

2 TASMANIA GROVE Sold Prices

Land registry data shows two sales for 2 TASMANIA GROVE 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 TASMANIA GROVE 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
2019 28 JUN	£325,000	£440,122	26% below HPI
2015 23 JAN	£270,000	£353,232	24% below HPI

2 TASMANIA GROVE 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 TASMANIA GROVE sales from January 2015 and June 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 January 2015 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the June 2019 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 2 TASMANIA GROVE be worth now?

2 TASMANIA GROVE might now be worth an estimated £405,353.

This is based on house price inflation of 24.7%, between June 2019 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 24.7% inflationary increase is applied to the most recent sale price for 2 TASMANIA GROVE of £325,000 on 28th June 2019. For the value to have increased from £325,000 to £405,353 over the seven years and three months to March 2026, the following assumptions must hold true:

• The value of 2 TASMANIA GROVE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The June 2019 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 2 TASMANIA GROVE has not materially changed since June 2019.

How Large is 2 TASMANIA GROVE?

2 TASMANIA GROVE is 100m² according to the EPC inspection conducted in December 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 TASMANIA GROVE lies on this distribution: 34% of detached houses houses are smaller than 2 TASMANIA GROVE, and 65% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

2 TASMANIA GROVE: Plot and Title Map

2 TASMANIA GROVE sits on a plot of roughly 0.044 of an acre, or 178m². The below map shows the location of 2 TASMANIA GROVE, 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 TASMANIA GROVE). 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 TASMANIA GROVE?

2 TASMANIA GROVE is located in NEWTON LEYS, in the MK3 postcode district. The below map shows the position of No. 2 on TASMANIA GROVE.