5, NORTH GATE, BLETCHLEY, MILTON KEYNES, MK2 2TJ - £417,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 NORTH GATE is a midsized detached house of 119m², built sometime between 1950 and 1966, which could now be worth an estimated £459,823. It was last sold for £417,000 in May 2022, which was around 19% below the average May 2022 detached price in the Milton Keynes local authority area. The most recent EPC inspection was October 2014, where the current energy rating was E, and the potential energy rating was C.

5 NORTH GATE Sold Prices

Land registry data shows three sales for 5 NORTH GATE 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 NORTH GATE 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
2022 23 MAY	£417,000	£512,766	19% below HPI
2015 27 APR	£287,500	£363,167	21% below HPI
2004 16 JAN	£180,000	£248,974	28% below HPI

5 NORTH GATE 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 NORTH GATE sales between January 2004 and May 2022 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 April 2015 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the May 2022 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 5 NORTH GATE be worth now?

5 NORTH GATE might now be worth an estimated £459,823.

This is based on house price inflation of 10.3%, between May 2022 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 10.3% inflationary increase is applied to the most recent sale price for 5 NORTH GATE of £417,000 on 23rd May 2022. For the value to have increased from £417,000 to £459,823 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 5 NORTH GATE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The May 2022 sale price of £417,000 represented a fair market value for the property.
• The size, condition, and specification of 5 NORTH GATE has not materially changed since May 2022.

How Large is 5 NORTH GATE?

5 NORTH GATE is 119m² according to the EPC inspection conducted in October 2014. This puts it in the largest 50% 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 5 NORTH GATE lies on this distribution: 57% of detached houses houses are smaller than 5 NORTH GATE, and 43% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

5 NORTH GATE: Plot and Title Map

5 NORTH GATE sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 5 NORTH GATE, 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 NORTH GATE). 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 NORTH GATE?

5 NORTH GATE is located in BLETCHLEY, in the MK2 postcode district. The below map shows the position of No. 5 on NORTH GATE.