1, WATERMILL LANE, WOLVERTON MILL, MILTON KEYNES, MK12 5PR - £725,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 WATERMILL LANE is a very large extended detached house of 181m², built sometime between 1900 and 1929. It was last sold for £725,000 in September 2021, which was around 52% above the average September 2021 detached price in the Milton Keynes local authority area. The most recent EPC inspection was July 2018, where the current energy rating was E, and the potential energy rating was C.

1 WATERMILL LANE Sold Prices

Land registry data shows four sales for 1 WATERMILL LANE 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 1 WATERMILL LANE 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
2021 27 SEP	£725,000	£475,618	52% above HPI
2010 30 JUL	£492,500	£277,364	78% above HPI
2002 6 DEC	£425,000	£216,960	96% above HPI
1999 17 SEP	£280,000	£121,443	131% above HPI

1 WATERMILL LANE 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 1 WATERMILL LANE sales between September 1999 and September 2021 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 July 2010 sale was for 78% above the HPI. So the extrapolation line tracks at 78% above the HPI over time, until the September 2021 sale, where it falls to 52% above the HPI. The line then continues to track at 52% above the HPI.

How Large is 1 WATERMILL LANE?

1 WATERMILL LANE is 181m², which includes two extensions, according to the EPC inspection conducted in July 2018. This puts it in the largest 20% of detached houses in Milton Keynes, based on EPC data. The below chart shows the distribution of detached houses by size in Milton Keynes, and where 1 WATERMILL LANE lies on this distribution: 86% of detached houses are smaller than 1 WATERMILL LANE, and 13% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

1 WATERMILL LANE: Plot and Title Map

1 WATERMILL LANE sits on a plot of roughly 0.276 of an acre, or 1,116m². The below map shows the location of 1 WATERMILL LANE, 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 WATERMILL LANE). 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 WATERMILL LANE?

1 WATERMILL LANE is located in WOLVERTON MILL, in the MK12 postcode district. The below map shows the position of No. 1 on WATERMILL LANE.