111, MELROSE AVENUE, BLETCHLEY, MILTON KEYNES, MK3 6PW - £237,500

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.

111 MELROSE AVENUE is a small extended detached house of 95m², built sometime between 1967 and 1975, which could now be worth an estimated £341,723. It was last sold for £237,500 in October 2015, which was around 40% below the average October 2015 detached price in the Milton Keynes local authority area. The most recent EPC inspection was March 2015, where the current energy rating was F, and the potential energy rating was C.

111 MELROSE AVENUE Sold Prices

Land registry data shows two sales for 111 MELROSE AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. Both of the two 111 MELROSE AVENUE 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
2015 30 OCT	£237,500	£392,974	40% below HPI
2007 19 FEB	£206,000	£285,501	28% below HPI

111 MELROSE AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Milton Keynes local authority area over time, sourced from the HPI. The two 111 MELROSE AVENUE sales from February 2007 and October 2015 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 February 2007 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the October 2015 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 111 MELROSE AVENUE be worth now?

111 MELROSE AVENUE might now be worth an estimated £341,723.

This is based on house price inflation of 43.9%, between October 2015 and February 2025, for detached 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 43.9% inflationary increase is applied to the most recent sale price for 111 MELROSE AVENUE of £237,500 on 30th October 2015. For the value to have increased from £237,500 to £341,723 over the ten years and eight months to February 2025, the following assumptions must hold true:

• The value of 111 MELROSE AVENUE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The October 2015 sale price of £237,500 represented a fair market value for the property.
• The size, condition, and specification of 111 MELROSE AVENUE has not materially changed since October 2015.

How Large is 111 MELROSE AVENUE?

111 MELROSE AVENUE is 95m², which includes two extensions, according to the EPC inspection conducted in March 2015. This puts it in the smallest 30% of detached houses houses in Bletchley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bletchley, and where 111 MELROSE AVENUE lies on this distribution: 29% of detached houses houses are smaller than 111 MELROSE AVENUE, and 70% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

111 MELROSE AVENUE: Plot and Title Map

111 MELROSE AVENUE sits on a plot of roughly 0.077 of an acre, or 312m². The below map shows the location of 111 MELROSE AVENUE, 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 111 MELROSE AVENUE). 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 111 MELROSE AVENUE?

111 MELROSE AVENUE is located in BLETCHLEY, in the MK3 postcode district. The below map shows the position of No. 111 on MELROSE AVENUE.