121, LAKES LANE, NEWPORT PAGNELL, MK16 8HT - £685,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

121 LAKES LANE is a very large extended detached house of 152m², built sometime between 1950 and 1966. It was last sold for £685,000 in July 2024, which was around 28% above the average July 2024 detached price in the Milton Keynes local authority area. The most recent EPC inspection was July 2023, where the current energy rating was C, and the potential energy rating was B.

121 LAKES LANE Sold Prices

Land registry data shows two sales for 121 LAKES LANE 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 121 LAKES 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
2024 30 JUL	£685,000	£537,020	28% above HPI
2017 8 SEP	£470,000	£433,212	8% above HPI

121 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 two 121 LAKES LANE sales from September 2017 and July 2024 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 September 2017 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the July 2024 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is 121 LAKES LANE?

121 LAKES LANE is 152m², which includes one extension, according to the EPC inspection conducted in July 2023. This puts it in the largest 20% 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 121 LAKES LANE lies on this distribution: 86% of detached houses are smaller than 121 LAKES LANE, and 14% of houses are larger. Note that EPC data is not available for all properties in Newport Pagnell.

121 LAKES LANE: Plot and Title Map

121 LAKES LANE sits on a plot of roughly 0.145 of an acre, or 586m². The below map shows the location of 121 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 121 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 121 LAKES LANE?

121 LAKES LANE is located in NEWPORT PAGNELL, in the MK16 postcode district. The below map shows the position of No. 121 on LAKES LANE.