6, GROUNDSEL CLOSE, WALNUT TREE, MILTON KEYNES, MK7 7NT - £107,000

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.

6 GROUNDSEL CLOSE is a very small terraced house of 39m², built sometime between 1996 and 2002, which could now be worth an estimated £173,169. It was last sold for £107,000 in September 2014, which was around 37% below the average September 2014 terraced price in the Milton Keynes local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was B.

6 GROUNDSEL CLOSE Sold Prices

Land registry data shows three sales for 6 GROUNDSEL CLOSE 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 6 GROUNDSEL 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
2014 30 SEP	£107,000	£171,013	37% below HPI
2001 19 JUL	£62,995	£71,957	12% below HPI
1997 26 SEP	£37,000	£44,319	17% below HPI

6 GROUNDSEL CLOSE 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 6 GROUNDSEL CLOSE sales between September 1997 and September 2014 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 July 2001 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the September 2014 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 6 GROUNDSEL CLOSE be worth now?

6 GROUNDSEL CLOSE might now be worth an estimated £173,169.

This is based on house price inflation of 61.8%, between September 2014 and July 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 61.8% inflationary increase is applied to the most recent sale price for 6 GROUNDSEL CLOSE of £107,000 on 30th September 2014. For the value to have increased from £107,000 to £173,169 over the twelve years and two months to July 2026, the following assumptions must hold true:

• The value of 6 GROUNDSEL CLOSE has moved in line with the HPI for terraced houses in the Milton Keynes local authority area.
• The September 2014 sale price of £107,000 represented a fair market value for the property.
• The size, condition, and specification of 6 GROUNDSEL CLOSE has not materially changed since September 2014.

How Large is 6 GROUNDSEL CLOSE?

6 GROUNDSEL CLOSE is 39m² according to the EPC inspection conducted in October 2020. 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 6 GROUNDSEL CLOSE lies on this distribution: Less than 1% of terraced houses houses are smaller than 6 GROUNDSEL CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

6 GROUNDSEL CLOSE: Plot and Title Map

6 GROUNDSEL CLOSE sits on a plot of roughly 0.006 of an acre, or 26m². The below map shows the location of 6 GROUNDSEL 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 6 GROUNDSEL 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 6 GROUNDSEL CLOSE?

6 GROUNDSEL CLOSE is located in WALNUT TREE, in the MK7 postcode district. The below map shows the position of No. 6 on GROUNDSEL CLOSE.