50, MILL ROAD, BLETCHLEY, MILTON KEYNES, MK2 2LD - £272,500

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.

50 MILL ROAD is a very small extended detached house of 74m², built sometime between 1983 and 1990, which could now be worth an estimated £374,590. It was last sold for £272,500 in February 2016, which was around 34% below the average February 2016 detached price in the Milton Keynes local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

50 MILL ROAD Sold Prices

Land registry data shows five sales for 50 MILL ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the five 50 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
2016 24 FEB	£272,500	£411,324	34% below HPI
2007 17 OCT	£248,000	£319,581	22% below HPI
2002 22 NOV	£151,000	£219,602	31% below HPI
2000 19 MAY	£103,500	£140,627	26% below HPI
1997 27 MAR	£27,500	£90,013	69% below HPI

50 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 five 50 MILL ROAD sales between March 1997 and February 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 October 2007 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the February 2016 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 50 MILL ROAD be worth now?

50 MILL ROAD might now be worth an estimated £374,590.

This is based on house price inflation of 37.5%, between February 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 37.5% inflationary increase is applied to the most recent sale price for 50 MILL ROAD of £272,500 on 24th February 2016. For the value to have increased from £272,500 to £374,590 over the nine years to February 2025, the following assumptions must hold true:

• The value of 50 MILL ROAD has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The February 2016 sale price of £272,500 represented a fair market value for the property.
• The size, condition, and specification of 50 MILL ROAD has not materially changed since February 2016.

How Large is 50 MILL ROAD?

50 MILL ROAD is 74m², which includes one extension, according to the EPC inspection conducted in November 2015. This puts it in the smallest 10% 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 50 MILL ROAD lies on this distribution: 10% of detached houses houses are smaller than 50 MILL ROAD, and 89% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

50 MILL ROAD: Plot and Title Map

50 MILL ROAD sits on a plot of roughly 0.067 of an acre, or 273m². The below map shows the location of 50 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 50 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 50 MILL ROAD?

50 MILL ROAD is located in BLETCHLEY, in the MK2 postcode district. The below map shows the position of No. 50 on MILL ROAD.