48A, MILL ROAD, BLETCHLEY, MILTON KEYNES, MK2 2LD - £225,000

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

48A MILL ROAD is a very small detached house of 52m², built sometime between 2003 and 2006. It was last sold for £225,000 in June 2011, which was around 16% below the average June 2011 detached price in the Milton Keynes local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was C.

48A MILL ROAD Sold Prices

Land registry data shows two sales for 48A MILL ROAD 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 48A MILL ROAD 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
2011 20 JUN	£225,000	£267,468	16% below HPI
2001 2 MAR	£60,000	£147,253	59% below HPI

48A MILL ROAD 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 48A MILL ROAD sales from March 2001 and June 2011 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 March 2001 sale was for 59% below the HPI. So the extrapolation line tracks at 59% below the HPI over time, until the June 2011 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 48A MILL ROAD?

48A MILL ROAD is 52m² according to the EPC inspection conducted in April 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 48A MILL ROAD lies on this distribution: 1% of detached houses are smaller than 48A MILL ROAD, and 99% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

48A MILL ROAD: Plot and Title Map

48A MILL ROAD sits on a plot of roughly 0.061 of an acre, or 249m². The below map shows the location of 48A MILL ROAD, 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 48A MILL ROAD). 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 48A MILL ROAD?

48A MILL ROAD is located in BLETCHLEY, in the MK2 postcode district. The below map shows the position of No. 48A on MILL ROAD.