3, ALVRIC WAY, WOLVERTON MILL, MILTON KEYNES, MK12 5GU - £285,000

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

3 ALVRIC WAY is a small semi-detached house of 101m², built sometime between 2003 and 2006. It was last sold for £285,000 in March 2016, which was around 30% below the average March 2016 detached price in the Milton Keynes local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was B.

3 ALVRIC WAY Sold Prices

Land registry data shows four sales for 3 ALVRIC WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the four 3 ALVRIC WAY 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
2016 14 MAR	£285,000	£407,266	30% below HPI
2014 22 DEC	£227,000	£342,647	34% below HPI
2012 10 MAY	£197,000	£278,911	29% below HPI
2006 14 JUL	£204,500	£262,329	22% below HPI

3 ALVRIC WAY 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 four 3 ALVRIC WAY sales between July 2006 and March 2016 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 2014 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the March 2016 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 3 ALVRIC WAY?

3 ALVRIC WAY is 101m² according to the EPC inspection conducted in January 2022. This puts it in the smallest 30% 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 3 ALVRIC WAY lies on this distribution: 30% of detached houses are smaller than 3 ALVRIC WAY, and 70% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

3 ALVRIC WAY: Plot and Title Map

3 ALVRIC WAY sits on a plot of roughly 0.051 of an acre, or 207m². The below map shows the location of 3 ALVRIC WAY, 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 3 ALVRIC WAY). 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 3 ALVRIC WAY?

3 ALVRIC WAY is located in WOLVERTON MILL, in the MK12 postcode district. The below map shows the position of No. 3 on ALVRIC WAY.