87, RICKLEY LANE, BLETCHLEY, MILTON KEYNES, MK3 6EW - £255,000

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.

87 RICKLEY LANE is a very small extended terraced house of 86m², built sometime between 1930 and 1949, which could now be worth an estimated £320,034. It was last sold for £255,000 in March 2018, which was around 18% above the average March 2018 terraced price in the Milton Keynes local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was B.

87 RICKLEY LANE Sold Prices

Land registry data shows three sales for 87 RICKLEY LANE 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 87 RICKLEY LANE 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
2018 23 MAR	£255,000	£215,905	18% above HPI
2015 7 JUL	£184,000	£182,326	1% above HPI
2006 16 FEB	£143,000	£130,683	9% above HPI

87 RICKLEY LANE 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 87 RICKLEY LANE sales between February 2006 and March 2018 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 2015 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the March 2018 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 87 RICKLEY LANE be worth now?

87 RICKLEY LANE might now be worth an estimated £320,034.

This is based on house price inflation of 25.5%, between March 2018 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 25.5% inflationary increase is applied to the most recent sale price for 87 RICKLEY LANE of £255,000 on 23rd March 2018. For the value to have increased from £255,000 to £320,034 over the seven years and ten months to May 2026, the following assumptions must hold true:

• The value of 87 RICKLEY LANE has moved in line with the HPI for terraced houses in the Milton Keynes local authority area.
• The March 2018 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 87 RICKLEY LANE has not materially changed since March 2018.

How Large is 87 RICKLEY LANE?

87 RICKLEY LANE is 86m², which includes one extension, according to the EPC inspection conducted in August 2012. 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 87 RICKLEY LANE lies on this distribution: 19% of terraced houses houses are smaller than 87 RICKLEY LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

87 RICKLEY LANE: Plot and Title Map

87 RICKLEY LANE sits on a plot of roughly 0.046 of an acre, or 185m². The below map shows the location of 87 RICKLEY LANE, 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 87 RICKLEY LANE). 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 87 RICKLEY LANE?

87 RICKLEY LANE is located in BLETCHLEY, in the MK3 postcode district. The below map shows the position of No. 87 on RICKLEY LANE.