48, RICKLEY LANE, BLETCHLEY, MILTON KEYNES, MK3 6BT - £350,000

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.

48 RICKLEY LANE is a large extended detached house of 124m², built sometime between 1950 and 1966, which could now be worth an estimated £433,234. It was last sold for £350,000 in February 2020, which was around 21% below the average February 2020 detached price in the Milton Keynes local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

48 RICKLEY LANE Sold Prices

Land registry data shows two sales for 48 RICKLEY LANE 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 48 RICKLEY LANE 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
2020 7 FEB	£350,000	£443,475	21% below HPI
2007 29 JUN	£220,000	£300,579	27% below HPI

48 RICKLEY LANE 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 48 RICKLEY LANE sales from June 2007 and February 2020 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 June 2007 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the February 2020 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 48 RICKLEY LANE be worth now?

48 RICKLEY LANE might now be worth an estimated £433,234.

This is based on house price inflation of 23.8%, between February 2020 and March 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 23.8% inflationary increase is applied to the most recent sale price for 48 RICKLEY LANE of £350,000 on 7th February 2020. For the value to have increased from £350,000 to £433,234 over the five years and eleven months to March 2026, the following assumptions must hold true:

• The value of 48 RICKLEY LANE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The February 2020 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 48 RICKLEY LANE has not materially changed since February 2020.

How Large is 48 RICKLEY LANE?

48 RICKLEY LANE is 124m², which includes two extensions, according to the EPC inspection conducted in August 2019. This puts it in the largest 40% 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 48 RICKLEY LANE lies on this distribution: 62% of detached houses houses are smaller than 48 RICKLEY LANE, and 37% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

48 RICKLEY LANE: Plot and Title Map

48 RICKLEY LANE sits on a plot of roughly 0.133 of an acre, or 538m². The below map shows the location of 48 RICKLEY LANE, 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 48 RICKLEY LANE). 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 48 RICKLEY LANE?

48 RICKLEY LANE is located in BLETCHLEY, in the MK3 postcode district. The below map shows the position of No. 48 on RICKLEY LANE.