41, PADDOCK WAY, BLETCHLEY, MILTON KEYNES, MK2 2ND - £320,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

41 PADDOCK WAY is a very small detached house of 57m², built sometime between 1976 and 1982. It was last sold for £320,000 in August 2021, which was around 32% below the average August 2021 detached price in the Milton Keynes local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was D.

41 PADDOCK WAY Sold Prices

Land registry data shows three sales for 41 PADDOCK WAY 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 41 PADDOCK WAY 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
2021 17 AUG	£320,000	£472,367	32% below HPI
2016 14 NOV	£265,000	£406,631	35% below HPI
2011 15 DEC	£148,000	£280,093	47% below HPI

41 PADDOCK WAY 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 41 PADDOCK WAY sales between December 2011 and August 2021 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 2016 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the August 2021 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 41 PADDOCK WAY?

41 PADDOCK WAY is 57m² according to the EPC inspection conducted in September 2011. This puts it in the smallest 10% of detached houses in Bletchley, based on EPC data. The below chart shows the distribution of detached houses by size in Bletchley, and where 41 PADDOCK WAY lies on this distribution: 2% of detached houses are smaller than 41 PADDOCK WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

41 PADDOCK WAY: Plot and Title Map

41 PADDOCK WAY sits on a plot of roughly 0.050 of an acre, or 202m². The below map shows the location of 41 PADDOCK WAY, 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 41 PADDOCK WAY). 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 41 PADDOCK WAY?

41 PADDOCK WAY is located in BLETCHLEY, in the MK2 postcode district. The below map shows the position of No. 41 on PADDOCK WAY.