3, THE LAURELS, BLETCHLEY, MILTON KEYNES, MK1 1BL - £190,000

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

3 THE LAURELS is a very small detached house of 85m², built sometime between 1950 and 1966. It was last sold for £190,000 in May 2013, which was around 34% below the average May 2013 detached price in the Milton Keynes local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was B.

3 THE LAURELS Sold Prices

Land registry data shows three sales for 3 THE LAURELS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the three 3 THE LAURELS 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
2013 24 MAY	£190,000	£287,007	34% below HPI
2006 12 JUL	£187,500	£262,329	29% below HPI
1998 18 DEC	£83,000	£108,408	23% below HPI

3 THE LAURELS 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 three 3 THE LAURELS sales between December 1998 and May 2013 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 July 2006 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the May 2013 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 3 THE LAURELS?

3 THE LAURELS is 85m² according to the EPC inspection conducted in July 2012. This puts it in the smallest 20% of detached houses in Bletchley, based on EPC data. The below chart shows the distribution of detached houses by size in Bletchley, and where 3 THE LAURELS lies on this distribution: 19% of detached houses are smaller than 3 THE LAURELS, and 80% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

3 THE LAURELS: Plot and Title Map

3 THE LAURELS sits on a plot of roughly 0.057 of an acre, or 229m². The below map shows the location of 3 THE LAURELS, 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 3 THE LAURELS). 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 3 THE LAURELS?

3 THE LAURELS is located in BLETCHLEY, in the MK1 postcode district. The below map shows the position of No. 3 on THE LAURELS.