2, LOCKWOOD CHASE, OXLEY PARK, MILTON KEYNES, MK4 4ER - £305,000

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

2 LOCKWOOD CHASE is a very small detached house of 90m², built sometime from 2007 onwards. It was last sold for £305,000 in July 2019, which was around 30% below the average July 2019 detached price in the Milton Keynes local authority area. The most recent EPC inspection was February 2013, where the current energy rating was C, and the potential energy rating was B.

2 LOCKWOOD CHASE Sold Prices

Land registry data shows five sales for 2 LOCKWOOD CHASE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the five 2 LOCKWOOD CHASE 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
2019 5 JUL	£305,000	£435,413	30% below HPI
2019 29 MAY	£330,000	£424,197	22% below HPI
2015 23 APR	£287,000	£351,345	18% below HPI
2013 22 NOV	£248,500	£297,600	16% below HPI
2007 29 JUN	£249,995	£290,794	14% below HPI

2 LOCKWOOD CHASE 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 five 2 LOCKWOOD CHASE sales between June 2007 and July 2019 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 May 2019 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the July 2019 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 2 LOCKWOOD CHASE?

2 LOCKWOOD CHASE is 90m² according to the EPC inspection conducted in February 2013. This puts it in the smallest 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 2 LOCKWOOD CHASE lies on this distribution: 19% of detached houses are smaller than 2 LOCKWOOD CHASE, and 80% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

2 LOCKWOOD CHASE: Plot and Title Map

2 LOCKWOOD CHASE sits on a plot of roughly 0.052 of an acre, or 210m². The below map shows the location of 2 LOCKWOOD CHASE, 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 2 LOCKWOOD CHASE). 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 2 LOCKWOOD CHASE?

2 LOCKWOOD CHASE is located in OXLEY PARK, in the MK4 postcode district. The below map shows the position of No. 2 on LOCKWOOD CHASE.