30, OLD GROVEWAY, SIMPSON, MILTON KEYNES, MK6 3BP - £125,000

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.

30 OLD GROVEWAY is a very small extended terraced house of 50m², built sometime between 1976 and 1982, which could now be worth an estimated £222,566. It was last sold for £125,000 in February 2014, which was around 18% below the average February 2014 terraced price in the Milton Keynes local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was A.

30 OLD GROVEWAY Sold Prices

Land registry data shows three sales for 30 OLD GROVEWAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Milton Keynes local authority area for the corresponding sale date. All of the three 30 OLD GROVEWAY 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 7 FEB	£125,000	£152,184	18% below HPI
2007 10 SEP	£125,000	£157,360	21% below HPI
2007 4 MAY	£91,500	£150,094	39% below HPI

30 OLD GROVEWAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Milton Keynes local authority area over time, sourced from the HPI. The three 30 OLD GROVEWAY sales between May 2007 and February 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 September 2007 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the February 2014 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 30 OLD GROVEWAY be worth now?

30 OLD GROVEWAY might now be worth an estimated £222,566.

This is based on house price inflation of 78.1%, between February 2014 and May 2026, for terraced 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 78.1% inflationary increase is applied to the most recent sale price for 30 OLD GROVEWAY of £125,000 on 7th February 2014. For the value to have increased from £125,000 to £222,566 over the eleven years and nine months to May 2026, the following assumptions must hold true:

• The value of 30 OLD GROVEWAY has moved in line with the HPI for terraced houses in the Milton Keynes local authority area.
• The February 2014 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 30 OLD GROVEWAY has not materially changed since February 2014.

How Large is 30 OLD GROVEWAY?

30 OLD GROVEWAY is 50m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the smallest 10% of terraced houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Milton Keynes, and where 30 OLD GROVEWAY lies on this distribution: 1% of terraced houses houses are smaller than 30 OLD GROVEWAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

30 OLD GROVEWAY: Plot and Title Map

30 OLD GROVEWAY sits on a plot of roughly 0.009 of an acre, or 37m². The below map shows the location of 30 OLD GROVEWAY, 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 30 OLD GROVEWAY). 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 30 OLD GROVEWAY?

30 OLD GROVEWAY is located in SIMPSON, in the MK6 postcode district. The below map shows the position of No. 30 on OLD GROVEWAY.