2, GRAVENEY PLACE, SPRINGFIELD, MILTON KEYNES, MK6 3JU - £129,500

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.

2 GRAVENEY PLACE is a very small semi-detached house of 78m², built sometime between 1976 and 1982, which could now be worth an estimated £311,017. It was last sold for £129,500 in March 2004, which was around 8% below the average March 2004 semi-detached price in the Milton Keynes local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

2 GRAVENEY PLACE Sold Prices

Land registry data shows two sales for 2 GRAVENEY PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Milton Keynes local authority area for the corresponding sale date. Both of the two 2 GRAVENEY PLACE 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
2004 15 MAR	£129,500	£140,213	8% below HPI
1997 28 NOV	£45,000	£56,122	20% below HPI

2 GRAVENEY PLACE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Milton Keynes local authority area over time, sourced from the HPI. The two 2 GRAVENEY PLACE sales from November 1997 and March 2004 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 November 1997 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the March 2004 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 2 GRAVENEY PLACE be worth now?

2 GRAVENEY PLACE might now be worth an estimated £311,017.

This is based on house price inflation of 140.2%, between March 2004 and February 2025, for semi-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 140.2% inflationary increase is applied to the most recent sale price for 2 GRAVENEY PLACE of £129,500 on 15th March 2004. For the value to have increased from £129,500 to £311,017 over the 21 years and one month to February 2025, the following assumptions must hold true:

• The value of 2 GRAVENEY PLACE has moved in line with the HPI for semi-detached houses in the Milton Keynes local authority area.
• The March 2004 sale price of £129,500 represented a fair market value for the property.
• The size, condition, and specification of 2 GRAVENEY PLACE has not materially changed since March 2004.

How Large is 2 GRAVENEY PLACE?

2 GRAVENEY PLACE is 78m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 10% of semi-detached houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Milton Keynes, and where 2 GRAVENEY PLACE lies on this distribution: 10% of semi-detached houses houses are smaller than 2 GRAVENEY PLACE, and 90% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

2 GRAVENEY PLACE: Plot and Title Map

2 GRAVENEY PLACE sits on a plot of roughly 0.039 of an acre, or 156m². The below map shows the location of 2 GRAVENEY PLACE, 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 2 GRAVENEY PLACE). 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 2 GRAVENEY PLACE?

2 GRAVENEY PLACE is located in SPRINGFIELD, in the MK6 postcode district. The below map shows the position of No. 2 on GRAVENEY PLACE.