4, THE GROVE, BLETCHLEY, MILTON KEYNES, MK3 6BZ - £361,000

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 THE GROVE is a small extended semi-detached house of 95m², built sometime between 1930 and 1949, which could now be worth an estimated £463,461. It was last sold for £361,000 in May 2019, which was around 41% above the average May 2019 semi-detached price in the Milton Keynes local authority area. The most recent EPC inspection was December 2018, where the current energy rating was C, and the potential energy rating was B.

4 THE GROVE Sold Prices

Land registry data shows three sales for 4 THE GROVE 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 4 THE GROVE sales were for above 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 2 MAY	£361,000	£256,239	41% above HPI
2011 16 DEC	£181,000	£166,908	8% above HPI
1995 29 SEP	£58,000	£48,477	20% above HPI

4 THE GROVE 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 4 THE GROVE sales between September 1995 and May 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 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the May 2019 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

What might 4 THE GROVE be worth now?

4 THE GROVE might now be worth an estimated £463,461.

This is based on house price inflation of 28.4%, between May 2019 and May 2026, 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 28.4% inflationary increase is applied to the most recent sale price for 4 THE GROVE of £361,000 on 2nd May 2019. For the value to have increased from £361,000 to £463,461 over the seven years to May 2026, the following assumptions must hold true:

• The value of 4 THE GROVE has moved in line with the HPI for semi-detached houses in the Milton Keynes local authority area.
• The May 2019 sale price of £361,000 represented a fair market value for the property.
• The size, condition, and specification of 4 THE GROVE has not materially changed since May 2019.

How Large is 4 THE GROVE?

4 THE GROVE is 95m², which includes one extension, according to the EPC inspection conducted in December 2018. This puts it in the smallest 30% of semi-detached houses houses in Bletchley, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Bletchley, and where 4 THE GROVE lies on this distribution: 29% of semi-detached houses houses are smaller than 4 THE GROVE, and 70% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

4 THE GROVE: Plot and Title Map

4 THE GROVE sits on a plot of roughly 0.074 of an acre, or 301m². The below map shows the location of 4 THE GROVE, 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 THE GROVE). 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 THE GROVE?

4 THE GROVE is located in BLETCHLEY, in the MK3 postcode district. The below map shows the position of No. 4 on THE GROVE.