38, EMPINGHAM CLOSE, BLETCHLEY, MILTON KEYNES, MK2 3QT - £97,500

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.

38 EMPINGHAM CLOSE is a very small terraced house of 55m², built sometime between 1983 and 1990, which could now be worth an estimated £125,902. It was last sold for £97,500 in April 2019, which was around 53% below the average April 2019 terraced price in the Milton Keynes local authority area. The most recent EPC inspection was March 2016, where the current energy rating was C, and the potential energy rating was B.

38 EMPINGHAM CLOSE Sold Prices

Land registry data shows four sales for 38 EMPINGHAM CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Milton Keynes local authority area for the corresponding sale date. All of the four 38 EMPINGHAM 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
2019 11 APR	£97,500	£209,665	53% below HPI
2016 24 OCT	£90,000	£202,211	55% below HPI
2003 25 NOV	£56,000	£111,865	50% below HPI
2000 9 JUN	£27,995	£63,479	56% below HPI

38 EMPINGHAM CLOSE 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 four 38 EMPINGHAM CLOSE sales between June 2000 and April 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 October 2016 sale was for 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the April 2019 sale, where it rises to 53% below the HPI. The line then continues to track at 53% below the HPI.

What might 38 EMPINGHAM CLOSE be worth now?

38 EMPINGHAM CLOSE might now be worth an estimated £125,902.

This is based on house price inflation of 29.1%, between April 2019 and March 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 29.1% inflationary increase is applied to the most recent sale price for 38 EMPINGHAM CLOSE of £97,500 on 11th April 2019. For the value to have increased from £97,500 to £125,902 over the seven years and one month to March 2026, the following assumptions must hold true:

• The value of 38 EMPINGHAM CLOSE has moved in line with the HPI for terraced houses in the Milton Keynes local authority area.
• The April 2019 sale price of £97,500 represented a fair market value for the property.
• The size, condition, and specification of 38 EMPINGHAM CLOSE has not materially changed since April 2019.

How Large is 38 EMPINGHAM CLOSE?

38 EMPINGHAM CLOSE is 55m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 10% of terraced houses houses in Bletchley, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Bletchley, and where 38 EMPINGHAM CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 38 EMPINGHAM CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

38 EMPINGHAM CLOSE: Plot and Title Map

38 EMPINGHAM CLOSE sits on a plot of roughly 0.025 of an acre, or 103m². The below map shows the location of 38 EMPINGHAM 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 38 EMPINGHAM 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 38 EMPINGHAM CLOSE?

38 EMPINGHAM CLOSE is located in BLETCHLEY, in the MK2 postcode district. The below map shows the position of No. 38 on EMPINGHAM CLOSE.