5, MILES CLOSE, BLAKELANDS, MILTON KEYNES, MK14 5AD - £397,500

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 MILES CLOSE is a large detached house of 142m², which could now be worth an estimated £511,344. It was last sold for £397,500 in March 2020, which was around 12% below the average March 2020 detached price in the Milton Keynes local authority area. The most recent EPC inspection was August 2012, where the current energy rating was B, and the potential energy rating was B.

5 MILES CLOSE Sold Prices

Land registry data shows three sales for 5 MILES CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the three 5 MILES 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
2020 20 MAR	£397,500	£450,354	12% below HPI
2014 26 MAR	£310,000	£318,076	3% below HPI
2012 31 AUG	£290,000	£293,916	1% below HPI

5 MILES 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 three 5 MILES CLOSE sales between August 2012 and March 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 March 2014 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the March 2020 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 5 MILES CLOSE be worth now?

5 MILES CLOSE might now be worth an estimated £511,344.

This is based on house price inflation of 28.6%, between March 2020 and March 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 28.6% inflationary increase is applied to the most recent sale price for 5 MILES CLOSE of £397,500 on 20th March 2020. For the value to have increased from £397,500 to £511,344 over the five years to March 2025, the following assumptions must hold true:

• The value of 5 MILES CLOSE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The March 2020 sale price of £397,500 represented a fair market value for the property.
• The size, condition, and specification of 5 MILES CLOSE has not materially changed since March 2020.

How Large is 5 MILES CLOSE?

5 MILES CLOSE is 142m² according to the EPC inspection conducted in August 2012. This puts it in the largest 40% 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 5 MILES CLOSE lies on this distribution: 68% of detached houses houses are smaller than 5 MILES CLOSE, and 32% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

5 MILES CLOSE: Plot and Title Map

5 MILES CLOSE sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 5 MILES 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 5 MILES 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 5 MILES CLOSE?

5 MILES CLOSE is located in BLAKELANDS, in the MK14 postcode district. The below map shows the position of No. 5 on MILES CLOSE.