4, ARRAN WAY, NEWTON LEYS, MILTON KEYNES, MK3 5FF - £295,000

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.

4 ARRAN WAY is a very small detached house of 84m², which could now be worth an estimated £378,986. It was last sold for £295,000 in June 2019, which was around 33% below the average June 2019 detached price in the Milton Keynes local authority area. The most recent EPC inspection was January 2011, where the current energy rating was B, and the potential energy rating was B.

4 ARRAN WAY Sold Prices

Land registry data shows two sales for 4 ARRAN WAY 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 4 ARRAN WAY 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	£295,000	£440,122	33% below HPI
2011 9 DEC	£185,000	£289,517	36% below HPI

4 ARRAN WAY 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 4 ARRAN WAY sales from December 2011 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 December 2011 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the June 2019 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 4 ARRAN WAY be worth now?

4 ARRAN WAY might now be worth an estimated £378,986.

This is based on house price inflation of 28.5%, between June 2019 and February 2025, 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 28.5% inflationary increase is applied to the most recent sale price for 4 ARRAN WAY of £295,000 on 28th June 2019. For the value to have increased from £295,000 to £378,986 over the six years and four months to February 2025, the following assumptions must hold true:

• The value of 4 ARRAN WAY has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The June 2019 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 4 ARRAN WAY has not materially changed since June 2019.

How Large is 4 ARRAN WAY?

4 ARRAN WAY is 84m² according to the EPC inspection conducted in January 2011. This puts it in the smallest 20% 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 4 ARRAN WAY lies on this distribution: 18% of detached houses houses are smaller than 4 ARRAN WAY, and 82% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

4 ARRAN WAY: Plot and Title Map

4 ARRAN WAY sits on a plot of roughly 0.047 of an acre, or 189m². The below map shows the location of 4 ARRAN WAY, 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 4 ARRAN WAY). 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 4 ARRAN WAY?

4 ARRAN WAY is located in NEWTON LEYS, in the MK3 postcode district. The below map shows the position of No. 4 on ARRAN WAY.