24, WATER LANE, SHERINGTON, NEWPORT PAGNELL, MK16 9NR - £285,000

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.

24 WATER LANE is a very small extended detached house of 99m², built sometime between 1967 and 1975, which could now be worth an estimated £611,726. It was last sold for £285,000 in January 2009, which was around 8% above the average January 2009 detached price in the Milton Keynes local authority area. The most recent EPC inspection was December 2013, where the current energy rating was E, and the potential energy rating was B.

24 WATER LANE Sold Prices

Land registry data shows two sales for 24 WATER 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 24 WATER 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
2009 23 JAN	£285,000	£263,428	8% above HPI
2000 4 OCT	£195,000	£154,120	27% above HPI

24 WATER 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 24 WATER LANE sales from October 2000 and January 2009 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 October 2000 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the January 2009 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 24 WATER LANE be worth now?

24 WATER LANE might now be worth an estimated £611,726.

This is based on house price inflation of 114.6%, between January 2009 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 114.6% inflationary increase is applied to the most recent sale price for 24 WATER LANE of £285,000 on 23rd January 2009. For the value to have increased from £285,000 to £611,726 over the fifteen years and eleven months to February 2025, the following assumptions must hold true:

• The value of 24 WATER LANE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The January 2009 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 24 WATER LANE has not materially changed since January 2009.

How Large is 24 WATER LANE?

24 WATER LANE is 99m², which includes one extension, according to the EPC inspection conducted in December 2013. This puts it in the smallest 20% of detached houses houses in Sherington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sherington, and where 24 WATER LANE lies on this distribution: 17% of detached houses houses are smaller than 24 WATER LANE, and 83% of houses are larger. Note that EPC data is not available for all properties in Sherington.

24 WATER LANE: Plot and Title Map

24 WATER LANE sits on a plot of roughly 0.163 of an acre, or 660m². The below map shows the location of 24 WATER 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 24 WATER 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 24 WATER LANE?

24 WATER LANE is located in SHERINGTON, in the MK16 postcode district. The below map shows the position of No. 24 on WATER LANE.