3, LACY DRIVE, BOLBECK PARK, MILTON KEYNES, MK15 8PL - £390,000

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 LACY DRIVE is a small extended detached house of 96m², built sometime between 1996 and 2002. It was last sold for £390,000 in July 2023, which was around 24% below the average July 2023 detached price in the Milton Keynes local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

3 LACY DRIVE Sold Prices

Land registry data shows two sales for 3 LACY DRIVE 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 3 LACY DRIVE 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
2023 27 JUL	£390,000	£514,319	24% below HPI
2003 6 NOV	£185,000	£237,906	22% below HPI

3 LACY DRIVE 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 3 LACY DRIVE sales from November 2003 and July 2023 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 November 2003 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the July 2023 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 3 LACY DRIVE?

3 LACY DRIVE is 96m², which includes one extension, according to the EPC inspection conducted in March 2023. 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 LACY DRIVE lies on this distribution: 25% of detached houses are smaller than 3 LACY DRIVE, and 74% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

3 LACY DRIVE: Plot and Title Map

3 LACY DRIVE sits on a plot of roughly 0.064 of an acre, or 257m². The below map shows the location of 3 LACY DRIVE, 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 LACY DRIVE). 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 LACY DRIVE?

3 LACY DRIVE is located in BOLBECK PARK, in the MK15 postcode district. The below map shows the position of No. 3 on LACY DRIVE.