4, PENINA CLOSE, BLETCHLEY, MILTON KEYNES, MK3 7TL - £231,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

4 PENINA CLOSE is a small detached house of 102m², built sometime between 1976 and 1982, which could now be worth an estimated £468,353. It was last sold for £231,000 in February 2010, which was around 15% below the average February 2010 detached price in the Milton Keynes local authority area. The most recent EPC inspection was September 2009, where the current energy rating was D, and the potential energy rating was C.

4 PENINA CLOSE Sold Prices

Land registry data shows two sales for 4 PENINA 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 4 PENINA 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
2010 12 FEB	£231,000	£270,962	15% below HPI
1998 27 MAY	£94,000	£106,308	12% below HPI

4 PENINA 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 4 PENINA CLOSE sales from May 1998 and February 2010 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 May 1998 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the February 2010 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 4 PENINA CLOSE be worth now?

4 PENINA CLOSE might now be worth an estimated £468,353.

This is based on house price inflation of 102.8%, between February 2010 and December 2024, 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 102.8% inflationary increase is applied to the most recent sale price for 4 PENINA CLOSE of £231,000 on 12th February 2010. For the value to have increased from £231,000 to £468,353 over the thirteen years and two months to December 2024, the following assumptions must hold true:

• The value of 4 PENINA CLOSE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The February 2010 sale price of £231,000 represented a fair market value for the property.
• The size, condition, and specification of 4 PENINA CLOSE has not materially changed since February 2010.

How Large is 4 PENINA CLOSE?

4 PENINA CLOSE is 102m² according to the EPC inspection conducted in September 2009. This puts it in the smallest 40% 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 4 PENINA CLOSE lies on this distribution: 37% of detached houses houses are smaller than 4 PENINA CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

4 PENINA CLOSE: Plot and Title Map

4 PENINA CLOSE sits on a plot of roughly 0.085 of an acre, or 345m². The below map shows the location of 4 PENINA 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 4 PENINA 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 4 PENINA CLOSE?

4 PENINA CLOSE is located in BLETCHLEY, in the MK3 postcode district. The below map shows the position of No. 4 on PENINA CLOSE.