7, EMMETT CLOSE, EMERSON VALLEY, MILTON KEYNES, MK4 2DY - £375,000

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.

7 EMMETT CLOSE is a small detached house of 108m², built sometime between 1991 and 1995, which could now be worth an estimated £483,576. It was last sold for £375,000 in May 2019, which was around 14% below the average May 2019 detached price in the Milton Keynes local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was B.

7 EMMETT CLOSE Sold Prices

Land registry data shows four sales for 7 EMMETT CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the four 7 EMMETT CLOSE 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
2019 3 MAY	£375,000	£438,471	14% below HPI
2016 23 MAR	£346,500	£420,970	18% below HPI
2000 29 FEB	£118,000	£131,990	11% below HPI
1997 28 NOV	£94,000	£101,238	7% below HPI

7 EMMETT CLOSE 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 four 7 EMMETT CLOSE sales between November 1997 and May 2019 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 2016 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the May 2019 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 7 EMMETT CLOSE be worth now?

7 EMMETT CLOSE might now be worth an estimated £483,576.

This is based on house price inflation of 29%, between May 2019 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 29% inflationary increase is applied to the most recent sale price for 7 EMMETT CLOSE of £375,000 on 3rd May 2019. For the value to have increased from £375,000 to £483,576 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 7 EMMETT CLOSE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The May 2019 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 7 EMMETT CLOSE has not materially changed since May 2019.

How Large is 7 EMMETT CLOSE?

7 EMMETT CLOSE is 108m² according to the EPC inspection conducted in August 2012. This puts it in the smallest 40% 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 7 EMMETT CLOSE lies on this distribution: 35% of detached houses houses are smaller than 7 EMMETT CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

7 EMMETT CLOSE: Plot and Title Map

7 EMMETT CLOSE sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 7 EMMETT CLOSE, 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 7 EMMETT CLOSE). 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 7 EMMETT CLOSE?

7 EMMETT CLOSE is located in EMERSON VALLEY, in the MK4 postcode district. The below map shows the position of No. 7 on EMMETT CLOSE.