5, MERCHANT PLACE, MIDDLETON, MILTON KEYNES, MK10 9JL - £346,500

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

5 MERCHANT PLACE is a very small detached house of 82m², built sometime between 1996 and 2002, which could now be worth an estimated £456,386. It was last sold for £346,500 in July 2016, which was around 19% below the average July 2016 detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

5 MERCHANT PLACE Sold Prices

Land registry data shows three sales for 5 MERCHANT PLACE 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 5 MERCHANT PLACE 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
2016 22 JUL	£346,500	£429,284	19% below HPI
2006 1 DEC	£249,995	£281,707	11% below HPI
2002 28 FEB	£141,950	£181,289	22% below HPI

5 MERCHANT PLACE 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 5 MERCHANT PLACE sales between February 2002 and July 2016 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 December 2006 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the July 2016 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 5 MERCHANT PLACE be worth now?

5 MERCHANT PLACE might now be worth an estimated £456,386.

This is based on house price inflation of 31.7%, between July 2016 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 31.7% inflationary increase is applied to the most recent sale price for 5 MERCHANT PLACE of £346,500 on 22nd July 2016. For the value to have increased from £346,500 to £456,386 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of 5 MERCHANT PLACE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The July 2016 sale price of £346,500 represented a fair market value for the property.
• The size, condition, and specification of 5 MERCHANT PLACE has not materially changed since July 2016.

How Large is 5 MERCHANT PLACE?

5 MERCHANT PLACE is 82m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 20% 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 5 MERCHANT PLACE lies on this distribution: 13% of detached houses houses are smaller than 5 MERCHANT PLACE, and 87% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

5 MERCHANT PLACE: Plot and Title Map

5 MERCHANT PLACE sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of 5 MERCHANT PLACE, 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 5 MERCHANT PLACE). 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 5 MERCHANT PLACE?

5 MERCHANT PLACE is located in MIDDLETON, in the MK10 postcode district. The below map shows the position of No. 5 on MERCHANT PLACE.