7, RAYS CLOSE, BLETCHLEY, MILTON KEYNES, MK2 3FG - £232,500

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.

7 RAYS CLOSE is a very small terraced house of 79m², built sometime from 2007 onwards, which could now be worth an estimated £279,650. It was last sold for £232,500 in October 2020, which was around 5% above the average October 2020 terraced price in the Milton Keynes local authority area. The most recent EPC inspection was March 2013, where the current energy rating was C, and the potential energy rating was B.

7 RAYS CLOSE Sold Prices

Land registry data shows two sales for 7 RAYS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Milton Keynes local authority area for the corresponding sale date. Both of the two 7 RAYS CLOSE 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
2020 30 OCT	£232,500	£220,601	5% above HPI
2008 3 APR	£174,950	£153,401	14% above HPI

7 RAYS 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 two 7 RAYS CLOSE sales from April 2008 and October 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 April 2008 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the October 2020 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 7 RAYS CLOSE be worth now?

7 RAYS CLOSE might now be worth an estimated £279,650.

This is based on house price inflation of 20.3%, between October 2020 and April 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 20.3% inflationary increase is applied to the most recent sale price for 7 RAYS CLOSE of £232,500 on 30th October 2020. For the value to have increased from £232,500 to £279,650 over the six years and six months to April 2026, the following assumptions must hold true:

• The value of 7 RAYS CLOSE has moved in line with the HPI for terraced houses in the Milton Keynes local authority area.
• The October 2020 sale price of £232,500 represented a fair market value for the property.
• The size, condition, and specification of 7 RAYS CLOSE has not materially changed since October 2020.

How Large is 7 RAYS CLOSE?

7 RAYS CLOSE is 79m² according to the EPC inspection conducted in March 2013. This puts it in the smallest 20% of terraced houses houses in Bletchley, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Bletchley, and where 7 RAYS CLOSE lies on this distribution: 13% of terraced houses houses are smaller than 7 RAYS CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

7 RAYS CLOSE: Plot and Title Map

7 RAYS CLOSE sits on a plot of roughly 0.034 of an acre, or 136m². The below map shows the location of 7 RAYS 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 7 RAYS 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 7 RAYS CLOSE?

7 RAYS CLOSE is located in BLETCHLEY, in the MK2 postcode district. The below map shows the position of No. 7 on RAYS CLOSE.