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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

111 MELROSE AVENUE is a small extended detached house of 95m², built sometime between 1967 and 1975. It was last sold for £237,500 in October 2015, which was around 38% 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	£380,182	38% below HPI
2007 19 FEB	£206,000	£276,207	25% 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 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the October 2015 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

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 in Bletchley, based on EPC data. The below chart shows the distribution of detached houses by size in Bletchley, and where 111 MELROSE AVENUE lies on this distribution: 29% of detached 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.