2, WAKEFIELD CLOSE, NEATH HILL, MILTON KEYNES, MK14 6JQ - £312,500

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 WAKEFIELD CLOSE is a small detached house of 97m², built sometime between 1983 and 1990, which could now be worth an estimated £396,921. It was last sold for £312,500 in May 2017, which was around 30% below the average May 2017 detached price in the Milton Keynes local authority area. The most recent EPC inspection was October 2016, where the current energy rating was C, and the potential energy rating was B.

2 WAKEFIELD CLOSE Sold Prices

Land registry data shows two sales for 2 WAKEFIELD CLOSE 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 2 WAKEFIELD CLOSE 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
2017 15 MAY	£312,500	£445,164	30% below HPI
1997 7 FEB	£73,500	£91,594	20% below HPI

2 WAKEFIELD CLOSE 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 2 WAKEFIELD CLOSE sales from February 1997 and May 2017 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 1997 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2017 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 2 WAKEFIELD CLOSE be worth now?

2 WAKEFIELD CLOSE might now be worth an estimated £396,921.

This is based on house price inflation of 27%, between May 2017 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 27% inflationary increase is applied to the most recent sale price for 2 WAKEFIELD CLOSE of £312,500 on 15th May 2017. For the value to have increased from £312,500 to £396,921 over the eight years and three months to February 2025, the following assumptions must hold true:

• The value of 2 WAKEFIELD CLOSE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The May 2017 sale price of £312,500 represented a fair market value for the property.
• The size, condition, and specification of 2 WAKEFIELD CLOSE has not materially changed since May 2017.

How Large is 2 WAKEFIELD CLOSE?

2 WAKEFIELD CLOSE is 97m² according to the EPC inspection conducted in October 2016. This puts it in the smallest 30% 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 2 WAKEFIELD CLOSE lies on this distribution: 26% of detached houses houses are smaller than 2 WAKEFIELD CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

2 WAKEFIELD CLOSE: Plot and Title Map

2 WAKEFIELD CLOSE sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 2 WAKEFIELD CLOSE, 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 WAKEFIELD CLOSE). 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 WAKEFIELD CLOSE?

2 WAKEFIELD CLOSE is located in NEATH HILL, in the MK14 postcode district. The below map shows the position of No. 2 on WAKEFIELD CLOSE.