11, LAKES LANE, NEWPORT PAGNELL, MK16 8HS - £266,000

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

11 LAKES LANE is a small extended semi-detached house of 95m², built sometime between 1950 and 1966. It was last sold for £266,000 in May 2014, which was around 16% below the average May 2014 detached price in the Milton Keynes local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was B.

11 LAKES LANE Sold Prices

Land registry data shows three sales for 11 LAKES LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the three 11 LAKES LANE 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
2014 9 MAY	£266,000	£316,946	16% below HPI
2002 12 DEC	£156,000	£216,960	28% below HPI
2001 28 SEP	£112,500	£169,774	34% below HPI

11 LAKES 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 three 11 LAKES LANE sales between September 2001 and May 2014 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 December 2002 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the May 2014 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 11 LAKES LANE?

11 LAKES LANE is 95m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the smallest 40% of detached houses in Newport Pagnell, based on EPC data. The below chart shows the distribution of detached houses by size in Newport Pagnell, and where 11 LAKES LANE lies on this distribution: 30% of detached houses are smaller than 11 LAKES LANE, and 68% of houses are larger. Note that EPC data is not available for all properties in Newport Pagnell.

11 LAKES LANE: Plot and Title Map

11 LAKES LANE sits on a plot of roughly 0.081 of an acre, or 328m². The below map shows the location of 11 LAKES 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 11 LAKES 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 11 LAKES LANE?

11 LAKES LANE is located in NEWPORT PAGNELL, in the MK16 postcode district. The below map shows the position of No. 11 on LAKES LANE.