5, HIGHLEY GROVE, BROUGHTON, MILTON KEYNES, MK10 9LN - £322,000

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.

5 HIGHLEY GROVE is a very small terraced house of 86m², built sometime between 2003 and 2006, which could now be worth an estimated £409,075. It was last sold for £322,000 in June 2017, which was around 51% above the average June 2017 terraced price in the Milton Keynes local authority area. The most recent EPC inspection was December 2016, where the current energy rating was C, and the potential energy rating was B.

5 HIGHLEY GROVE Sold Prices

Land registry data shows three sales for 5 HIGHLEY GROVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Milton Keynes local authority area for the corresponding sale date. All of the three 5 HIGHLEY 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
2017 14 JUN	£322,000	£213,290	51% above HPI
2005 7 JAN	£189,950	£127,339	49% above HPI
2004 2 APR	£166,605	£114,906	45% above HPI

5 HIGHLEY GROVE 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 three 5 HIGHLEY GROVE sales between April 2004 and June 2017 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 January 2005 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the June 2017 sale, where it rises to 51% above the HPI. The line then continues to track at 51% above the HPI.

What might 5 HIGHLEY GROVE be worth now?

5 HIGHLEY GROVE might now be worth an estimated £409,075.

This is based on house price inflation of 27%, between June 2017 and May 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 27% inflationary increase is applied to the most recent sale price for 5 HIGHLEY GROVE of £322,000 on 14th June 2017. For the value to have increased from £322,000 to £409,075 over the nine years and one month to May 2026, the following assumptions must hold true:

• The value of 5 HIGHLEY GROVE has moved in line with the HPI for terraced houses in the Milton Keynes local authority area.
• The June 2017 sale price of £322,000 represented a fair market value for the property.
• The size, condition, and specification of 5 HIGHLEY GROVE has not materially changed since June 2017.

How Large is 5 HIGHLEY GROVE?

5 HIGHLEY GROVE is 86m² according to the EPC inspection conducted in December 2016. This puts it in the smallest 20% of terraced houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Milton Keynes, and where 5 HIGHLEY GROVE lies on this distribution: 15% of terraced houses houses are smaller than 5 HIGHLEY GROVE, and 84% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

5 HIGHLEY GROVE: Plot and Title Map

5 HIGHLEY GROVE sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 5 HIGHLEY 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 5 HIGHLEY 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 5 HIGHLEY GROVE?

5 HIGHLEY GROVE is located in BROUGHTON, in the MK10 postcode district. The below map shows the position of No. 5 on HIGHLEY GROVE.