4, GALLAGHER CLOSE, CROWNHILL, MILTON KEYNES, MK8 0LQ - £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.

4 GALLAGHER CLOSE is a very small detached house of 85m², built sometime between 1996 and 2002, which could now be worth an estimated £424,439. It was last sold for £325,000 in March 2016, which was around 23% below the average March 2016 detached price in the Milton Keynes local authority area. The most recent EPC inspection was November 2008, where the current energy rating was D, and the potential energy rating was D.

4 GALLAGHER CLOSE Sold Prices

Land registry data shows four sales for 4 GALLAGHER CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the four 4 GALLAGHER 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
2016 11 MAR	£325,000	£420,970	23% below HPI
2013 2 JUL	£227,500	£302,826	25% below HPI
2009 10 JUN	£200,000	£261,248	23% below HPI
1997 30 MAY	£87,500	£92,503	5% below HPI

4 GALLAGHER CLOSE 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 four 4 GALLAGHER CLOSE sales between May 1997 and March 2016 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 July 2013 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the March 2016 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 4 GALLAGHER CLOSE be worth now?

4 GALLAGHER CLOSE might now be worth an estimated £424,439.

This is based on house price inflation of 30.6%, between March 2016 and May 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 30.6% inflationary increase is applied to the most recent sale price for 4 GALLAGHER CLOSE of £325,000 on 11th March 2016. For the value to have increased from £325,000 to £424,439 over the nine years and ten months to May 2026, the following assumptions must hold true:

• The value of 4 GALLAGHER CLOSE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The March 2016 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 4 GALLAGHER CLOSE has not materially changed since March 2016.

How Large is 4 GALLAGHER CLOSE?

4 GALLAGHER CLOSE is 85m² according to the EPC inspection conducted in November 2008. This puts it in the smallest 20% of detached houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Milton Keynes, and where 4 GALLAGHER CLOSE lies on this distribution: 15% of detached houses houses are smaller than 4 GALLAGHER CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

4 GALLAGHER CLOSE: Plot and Title Map

4 GALLAGHER CLOSE sits on a plot of roughly 0.071 of an acre, or 288m². The below map shows the location of 4 GALLAGHER 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 4 GALLAGHER 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 4 GALLAGHER CLOSE?

4 GALLAGHER CLOSE is located in CROWNHILL, in the MK8 postcode district. The below map shows the position of No. 4 on GALLAGHER CLOSE.