1, LOCKHART AVENUE, OXLEY PARK, MILTON KEYNES, MK4 4TY - £545,000

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.

1 LOCKHART AVENUE is a very large detached house of 195m², built sometime between 2007 and 2011, which could now be worth an estimated £609,599. It was last sold for £545,000 in February 2022, which was around 8% above the average February 2022 detached price in the Milton Keynes local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was B.

1 LOCKHART AVENUE Sold Prices

Land registry data shows two sales for 1 LOCKHART AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. Both of the two 1 LOCKHART AVENUE sales were for above 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 11 FEB	£545,000	£505,506	8% above HPI
2008 14 NOV	£377,225	£268,327	41% above HPI

1 LOCKHART AVENUE 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 two 1 LOCKHART AVENUE sales from November 2008 and February 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 November 2008 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the February 2022 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 1 LOCKHART AVENUE be worth now?

1 LOCKHART AVENUE might now be worth an estimated £609,599.

This is based on house price inflation of 11.9%, between February 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 11.9% inflationary increase is applied to the most recent sale price for 1 LOCKHART AVENUE of £545,000 on 11th February 2022. For the value to have increased from £545,000 to £609,599 over the three years to February 2025, the following assumptions must hold true:

• The value of 1 LOCKHART AVENUE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The February 2022 sale price of £545,000 represented a fair market value for the property.
• The size, condition, and specification of 1 LOCKHART AVENUE has not materially changed since February 2022.

How Large is 1 LOCKHART AVENUE?

1 LOCKHART AVENUE is 195m² according to the EPC inspection conducted in January 2022. This puts it in the largest 10% 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 1 LOCKHART AVENUE lies on this distribution: 90% of detached houses houses are smaller than 1 LOCKHART AVENUE, and 9% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

1 LOCKHART AVENUE: Plot and Title Map

1 LOCKHART AVENUE sits on a plot of roughly 0.100 of an acre, or 406m². The below map shows the location of 1 LOCKHART AVENUE, 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 1 LOCKHART AVENUE). 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 1 LOCKHART AVENUE?

1 LOCKHART AVENUE is located in OXLEY PARK, in the MK4 postcode district. The below map shows the position of No. 1 on LOCKHART AVENUE.