£347,864
This estimated value is based upon the latest sale price for the house of £275,000 on 11 Aug 2017. This value is then adjusted by the current Official House Price Index for MILTON KEYNES 1
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Lovat Bank, 37 Silver street, Newport Pagnell, MK16 0EJ
Phone: 01707684890
| Price Paid | Date |
|---|---|
| £275,000 | 11 Aug 2017 |
| £60,000 | 30 Jan 1996 |
| Semi-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 August 2017 the House Price Index for MILTON KEYNES was 117.0.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 26.496%.Applying this 26.496% change to the original purchase price of £275,000 results in an estimated price of approximately £347,864.
| 11 Aug 2017 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.0 | 148.0 | 26.496 % | £275,000 | £72,864 | £347,864 |
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 | -14.277 % | £-39,261 | £235,738 |
| 3 Month Average | -28.185 % | £-77,508 | £197,491 |
| 6 Month Average | 2.869 % | £7,888 | £282,888 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Mar 2024 | £426,441 | £425,000 | 95 RICHMOND WAY |
| 18 Dec 2023 | £5,096 | £5,000 | 48 RICHMOND WAY |
| 23 Nov 2023 | £392,033 | £387,000 | 7 ALEXANDRA DRIVE |
| 24 Apr 2023 | £574,268 | £570,000 | 93 RICHMOND WAY |
| 12 Jan 2023 | £406,430 | £410,000 | 14 WILLEN ROAD |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 16 Mar 2017. Using an estimated price of £347,864 means this house is valued at £3,700 per sq meter (£343 per sq foot).
The average size of a house on RICHMOND WAY is 98 sq meters (1,063 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Bowes Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Osterley Close |
| Jan 2024 | Criminal damage and arson | Local resolution | On or near Osterley Close |
| Mar 2024 | Anti-social behaviour | On or near Glenwoods | |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Glenwoods |