118, WATLING STREET, BLETCHLEY, MILTON KEYNES, MK1 1BW - £425,000

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.

118 WATLING STREET is a very small extended detached house of 82m², built sometime between 1950 and 1966, which could now be worth an estimated £528,877. It was last sold for £425,000 in February 2018, which was around 6% below the average February 2018 detached price in the Milton Keynes local authority area. The most recent EPC inspection was August 2013, where the current energy rating was E, and the potential energy rating was B.

118 WATLING STREET Sold Prices

Land registry data shows two sales for 118 WATLING STREET 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 118 WATLING STREET 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
2018 16 FEB	£425,000	£454,369	6% below HPI
2014 3 JAN	£210,000	£308,488	32% below HPI

118 WATLING STREET 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 118 WATLING STREET sales from January 2014 and February 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 January 2014 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the February 2018 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 118 WATLING STREET be worth now?

118 WATLING STREET might now be worth an estimated £528,877.

This is based on house price inflation of 24.4%, between February 2018 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 24.4% inflationary increase is applied to the most recent sale price for 118 WATLING STREET of £425,000 on 16th February 2018. For the value to have increased from £425,000 to £528,877 over the seven years to February 2025, the following assumptions must hold true:

• The value of 118 WATLING STREET has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The February 2018 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 118 WATLING STREET has not materially changed since February 2018.

How Large is 118 WATLING STREET?

118 WATLING STREET is 82m², which includes one extension, according to the EPC inspection conducted in August 2013. This puts it in the smallest 20% 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 118 WATLING STREET lies on this distribution: 17% of detached houses houses are smaller than 118 WATLING STREET, and 82% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

118 WATLING STREET: Plot and Title Map

118 WATLING STREET sits on a plot of roughly 0.217 of an acre, or 880m². The below map shows the location of 118 WATLING STREET, 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 118 WATLING STREET). 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 118 WATLING STREET?

118 WATLING STREET is located in BLETCHLEY, in the MK1 postcode district. The below map shows the position of No. 118 on WATLING STREET.