3, CHERLETON, TWO MILE ASH, MILTON KEYNES, MK8 8LL - £149,000

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.

3 CHERLETON is a very small semi-detached house of 50m², built sometime between 1983 and 1990, which could now be worth an estimated £309,811. It was last sold for £149,000 in August 2006, which was around 8% below the average August 2006 semi-detached price in the Milton Keynes local authority area. The most recent EPC inspection was February 2016, where the current energy rating was C, and the potential energy rating was B.

3 CHERLETON Sold Prices

Land registry data shows three sales for 3 CHERLETON since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Milton Keynes local authority area for the corresponding sale date. All of the three 3 CHERLETON 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
2006 16 AUG	£149,000	£161,954	8% below HPI
2003 28 FEB	£121,000	£129,719	7% below HPI
2001 5 JAN	£77,000	£82,693	7% below HPI

3 CHERLETON 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 three 3 CHERLETON sales between January 2001 and August 2006 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 February 2003 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the August 2006 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 3 CHERLETON be worth now?

3 CHERLETON might now be worth an estimated £309,811.

This is based on house price inflation of 107.9%, between August 2006 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 107.9% inflationary increase is applied to the most recent sale price for 3 CHERLETON of £149,000 on 16th August 2006. For the value to have increased from £149,000 to £309,811 over the nineteen years and six months to February 2025, the following assumptions must hold true:

• The value of 3 CHERLETON has moved in line with the HPI for semi-detached houses in the Milton Keynes local authority area.
• The August 2006 sale price of £149,000 represented a fair market value for the property.
• The size, condition, and specification of 3 CHERLETON has not materially changed since August 2006.

How Large is 3 CHERLETON?

3 CHERLETON is 50m² according to the EPC inspection conducted in February 2016. 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 3 CHERLETON lies on this distribution: 1% of semi-detached houses houses are smaller than 3 CHERLETON, and 99% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

3 CHERLETON: Plot and Title Map

3 CHERLETON sits on a plot of roughly 0.040 of an acre, or 161m². The below map shows the location of 3 CHERLETON, 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 3 CHERLETON). 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 3 CHERLETON?

3 CHERLETON is located in TWO MILE ASH, in the MK8 postcode district. The below map shows the position of No. 3 on CHERLETON.