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
25 WHEELERS LANE is a midsized extended detached house of 119m², built sometime between 1983 and 1990. It was last sold for £250,000 in August 2013, which was around 15% below the average August 2013 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.
Land registry data shows three sales for 25 WHEELERS LANE since 1st 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 25 WHEELERS 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 |
---|---|---|---|
2013 23 AUG | £250,000 | £294,610 | 15% below HPI |
2005 31 MAR | £198,500 | £250,220 | 21% below HPI |
1996 28 NOV | £85,000 | £87,447 | 3% below HPI |
The below graph shows the average detached house price in the Milton Keynes local authority area over time, sourced from the HPI. The three 25 WHEELERS LANE sales between November 1996 and August 2013 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 March 2005 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2013 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.
25 WHEELERS LANE is 119m², which includes two extensions, according to the EPC inspection conducted in July 2023. This puts it in the smallest 50% 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 25 WHEELERS LANE lies on this distribution: 46% of detached houses are smaller than 25 WHEELERS LANE, and 53% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.
25 WHEELERS LANE sits on a plot of roughly 0.065 of an acre, or 261m². The below map shows the location of 25 WHEELERS 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 25 WHEELERS 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.
25 WHEELERS LANE is located in BRADVILLE, in the MK13 postcode district. The below map shows the position of No. 25 on WHEELERS LANE.