£534,284
This estimated value is based upon the latest sale price for the house of £425,000 on 7 Dec 2017. This value is then adjusted by the current Official House Price Index for MILTON KEYNES 1
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91a High Street, Newport Pagnell, MK16 8EN
Phone: 01908711246
| Price Paid | Date |
|---|---|
| £425,000 | 7 Dec 2017 |
| Detached |
| Freehold |
| Floor Area: 94 sq meters or 1,011 sq feet |
This model uses changes in the Official Land Registry House Price Index for MILTON KEYNES to estimate the market value.
When this house was purchased in December 2017 the House Price Index for MILTON KEYNES was 118.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.714%.Applying this 25.714% change to the original purchase price of £425,000 results in an estimated price of approximately £534,284.
| 7 Dec 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 148.6 | 25.714 % | £425,000 | £109,284 | £534,284 |
The Postcode Pricing Model uses changes in average sales price within the MK16 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 16.845 % | £71,592 | £496,592 |
| 3 Month Average | -26.981 % | £-114,671 | £310,328 |
| 6 Month Average | -6.970 % | £-29,623 | £395,376 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Mar 2024 | £265,000 | £265,000 | 7 CARROLL CLOSE |
| 29 Aug 2023 | £226,986 | £225,000 | 44 CARROLL CLOSE |
| 17 Aug 2023 | £292,559 | £290,000 | 55 CARROLL CLOSE |
| 21 Jan 2022 | £299,936 | £285,000 | 66 CARROLL CLOSE |
| 17 Dec 2021 | £233,560 | £218,000 | 48 CARROLL CLOSE |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 28 Apr 2017. Using an estimated price of £534,285 means this house is valued at £5,683 per sq meter (£528 per sq foot).
The average size of a house on LAKES LANE is 124 sq meters (1,336 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Under investigation | On or near Carroll Close |
| Mar 2024 | Burglary | Under investigation | On or near Swift Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Herriot Close |
| Jan 2024 | Burglary | Under investigation | On or near Herriot Close |
| Jan 2024 | Anti-social behaviour | On or near Eliot Close |