7, GRAVENEY PLACE, SPRINGFIELD, MILTON KEYNES, MK6 3JZ - £185,000

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.

7 GRAVENEY PLACE is a very small terraced house of 88m², built sometime between 1976 and 1982, which could now be worth an estimated £251,111. It was last sold for £185,000 in February 2016, which was around 7% below the average February 2016 terraced price in the Milton Keynes local authority area. The most recent EPC inspection was April 2021, where the current energy rating was C, and the potential energy rating was B.

7 GRAVENEY PLACE Sold Prices

Land registry data shows three sales for 7 GRAVENEY PLACE 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. One of the three 7 GRAVENEY PLACE sales was for below the average price, whilst two 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
2016 26 FEB	£185,000	£199,629	7% below HPI
2003 30 JUL	£135,000	£104,216	30% above HPI
2002 11 NOV	£125,995	£95,930	31% above HPI

7 GRAVENEY 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 three 7 GRAVENEY PLACE sales between November 2002 and February 2016 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 2003 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the February 2016 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 7 GRAVENEY PLACE be worth now?

7 GRAVENEY PLACE might now be worth an estimated £251,111.

This is based on house price inflation of 35.7%, between February 2016 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 35.7% inflationary increase is applied to the most recent sale price for 7 GRAVENEY PLACE of £185,000 on 26th February 2016. For the value to have increased from £185,000 to £251,111 over the nine years and nine months to May 2026, the following assumptions must hold true:

• The value of 7 GRAVENEY PLACE has moved in line with the HPI for terraced houses in the Milton Keynes local authority area.
• The February 2016 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 7 GRAVENEY PLACE has not materially changed since February 2016.

How Large is 7 GRAVENEY PLACE?

7 GRAVENEY PLACE is 88m² according to the EPC inspection conducted in April 2021. 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 7 GRAVENEY PLACE lies on this distribution: 17% of terraced houses houses are smaller than 7 GRAVENEY PLACE, and 82% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

7 GRAVENEY PLACE: Plot and Title Map

7 GRAVENEY PLACE sits on a plot of roughly 0.049 of an acre, or 199m². The below map shows the location of 7 GRAVENEY 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 7 GRAVENEY 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 7 GRAVENEY PLACE?

7 GRAVENEY PLACE is located in SPRINGFIELD, in the MK6 postcode district. The below map shows the position of No. 7 on GRAVENEY PLACE.