7, GROUNDSEL CLOSE, WALNUT TREE, MILTON KEYNES, MK7 7NT - £109,500

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 GROUNDSEL CLOSE is a very small extended flat of 41m², built sometime between 1996 and 2002, which could now be worth an estimated £177,249. It was last sold for £109,500 in June 2010, which was around 6% above the average June 2010 flat price in the Milton Keynes local authority area. The most recent EPC inspection was November 2020, where the current energy rating was C, and the potential energy rating was B.

7 GROUNDSEL CLOSE Sold Prices

Land registry data shows three sales for 7 GROUNDSEL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the Milton Keynes local authority area for the corresponding sale date. All of the three 7 GROUNDSEL 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
2010 18 JUN	£109,500	£103,601	6% above HPI
2005 18 FEB	£105,000	£99,224	6% above HPI
1998 28 AUG	£42,000	£36,980	14% above HPI

What might 7 GROUNDSEL CLOSE be worth now?

7 GROUNDSEL CLOSE might now be worth an estimated £177,249.

This is based on house price inflation of 61.9%, between June 2010 and July 2026, for flats, 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 61.9% inflationary increase is applied to the most recent sale price for 7 GROUNDSEL CLOSE of £109,500 on 18th June 2010. For the value to have increased from £109,500 to £177,249 over the fifteen years and eleven months to July 2026, the following assumptions must hold true:

• The value of 7 GROUNDSEL CLOSE has moved in line with the HPI for flats in the Milton Keynes local authority area.
• The June 2010 sale price of £109,500 represented a fair market value for the property.
• The size, condition, and specification of 7 GROUNDSEL CLOSE has not materially changed since June 2010.

How Large is 7 GROUNDSEL CLOSE?

7 GROUNDSEL CLOSE is 41m², which includes one extension, according to the EPC inspection conducted in November 2020. This puts it in the smallest 10% of flats in Milton Keynes, based on EPC data. 10% of flats are smaller than 7 GROUNDSEL CLOSE, and 89% of flats are larger. Note that EPC data is not available for all properties in Milton Keynes.

7 GROUNDSEL CLOSE: Plot

7 GROUNDSEL CLOSE sits on a plot of roughly 0.007 of an acre, or 28m².

Where is 7 GROUNDSEL CLOSE?

7 GROUNDSEL CLOSE is located in WALNUT TREE, in the MK7 postcode district.