55, TRUEMAN PLACE, OLDBROOK, MILTON KEYNES, MK6 2QU - £180,000

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.

55 TRUEMAN PLACE is a very small terraced house of 41m², built sometime between 1983 and 1990, which could now be worth an estimated £230,725. It was last sold for £180,000 in May 2019, which was around 15% below the average May 2019 terraced price in the Milton Keynes local authority area. The most recent EPC inspection was October 2018, where the current energy rating was C, and the potential energy rating was B.

55 TRUEMAN PLACE Sold Prices

Land registry data shows four sales for 55 TRUEMAN PLACE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Milton Keynes local authority area for the corresponding sale date. All of the four 55 TRUEMAN PLACE 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
2019 7 MAY	£180,000	£211,219	15% below HPI
2011 21 JAN	£112,000	£137,848	19% below HPI
2008 1 AUG	£92,500	£147,915	37% below HPI
1997 6 FEB	£32,000	£41,327	23% below HPI

55 TRUEMAN PLACE 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 four 55 TRUEMAN PLACE sales between February 1997 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 January 2011 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the May 2019 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 55 TRUEMAN PLACE be worth now?

55 TRUEMAN PLACE might now be worth an estimated £230,725.

This is based on house price inflation of 28.2%, between May 2019 and March 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 28.2% inflationary increase is applied to the most recent sale price for 55 TRUEMAN PLACE of £180,000 on 7th May 2019. For the value to have increased from £180,000 to £230,725 over the seven years and two months to March 2026, the following assumptions must hold true:

• The value of 55 TRUEMAN PLACE has moved in line with the HPI for terraced houses in the Milton Keynes local authority area.
• The May 2019 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 55 TRUEMAN PLACE has not materially changed since May 2019.

How Large is 55 TRUEMAN PLACE?

55 TRUEMAN PLACE is 41m² according to the EPC inspection conducted in October 2018. This puts it in the smallest 10% 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 55 TRUEMAN PLACE lies on this distribution: Less than 1% of terraced houses houses are smaller than 55 TRUEMAN PLACE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

55 TRUEMAN PLACE: Plot and Title Map

55 TRUEMAN PLACE sits on a plot of roughly 0.029 of an acre, or 117m². The below map shows the location of 55 TRUEMAN PLACE, 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 55 TRUEMAN PLACE). 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 55 TRUEMAN PLACE?

55 TRUEMAN PLACE is located in OLDBROOK, in the MK6 postcode district. The below map shows the position of No. 55 on TRUEMAN PLACE.