12, THE SPINNEY, BRADWELL, MILTON KEYNES, MK13 9BX - £247,000

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.

12 THE SPINNEY is a small detached house of 113m², built sometime between 1976 and 1982, which could now be worth an estimated £387,337. It was last sold for £247,000 in February 2015, which was around 31% below the average February 2015 detached price in the Milton Keynes local authority area. The most recent EPC inspection was December 2014, where the current energy rating was C, and the potential energy rating was B.

12 THE SPINNEY Sold Prices

Land registry data shows two sales for 12 THE SPINNEY 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 12 THE SPINNEY 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 13 FEB	£247,000	£360,564	31% below HPI
1999 1 OCT	£104,000	£129,385	20% below HPI

12 THE SPINNEY 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 12 THE SPINNEY sales from October 1999 and February 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 October 1999 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the February 2015 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 12 THE SPINNEY be worth now?

12 THE SPINNEY might now be worth an estimated £387,337.

This is based on house price inflation of 56.8%, between February 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 56.8% inflationary increase is applied to the most recent sale price for 12 THE SPINNEY of £247,000 on 13th February 2015. For the value to have increased from £247,000 to £387,337 over the ten years to February 2025, the following assumptions must hold true:

• The value of 12 THE SPINNEY has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The February 2015 sale price of £247,000 represented a fair market value for the property.
• The size, condition, and specification of 12 THE SPINNEY has not materially changed since February 2015.

How Large is 12 THE SPINNEY?

12 THE SPINNEY is 113m² according to the EPC inspection conducted in December 2014. This puts it in the smallest 40% of detached houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Milton Keynes, and where 12 THE SPINNEY lies on this distribution: 40% of detached houses houses are smaller than 12 THE SPINNEY, and 59% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

12 THE SPINNEY: Plot and Title Map

12 THE SPINNEY sits on a plot of roughly 0.058 of an acre, or 233m². The below map shows the location of 12 THE SPINNEY, 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 12 THE SPINNEY). 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 12 THE SPINNEY?

12 THE SPINNEY is located in BRADWELL, in the MK13 postcode district. The below map shows the position of No. 12 on THE SPINNEY.