3, NORWOOD LANE, NEWPORT PAGNELL, MK16 0PQ - £295,000

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

3 NORWOOD LANE is a very small extended detached house of 79m², built sometime between 1983 and 1990. It was last sold for £295,000 in December 2015, which was around 24% below the average December 2015 detached price in the Milton Keynes local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was B.

3 NORWOOD LANE Sold Prices

Land registry data shows three sales for 3 NORWOOD LANE since 1^st 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 3 NORWOOD 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
2015 7 DEC	£295,000	£385,669	24% below HPI
2003 9 MAY	£188,000	£225,931	17% below HPI
2000 24 NOV	£127,500	£150,579	15% below HPI

3 NORWOOD 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 three 3 NORWOOD LANE sales between November 2000 and December 2015 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 2003 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the December 2015 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 3 NORWOOD LANE?

3 NORWOOD LANE is 79m², which includes one extension, according to the EPC inspection conducted in August 2015. This puts it in the smallest 20% of detached houses in Newport Pagnell, based on EPC data. The below chart shows the distribution of detached houses by size in Newport Pagnell, and where 3 NORWOOD LANE lies on this distribution: 11% of detached houses are smaller than 3 NORWOOD LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Newport Pagnell.

3 NORWOOD LANE: Plot and Title Map

3 NORWOOD LANE sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of 3 NORWOOD 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 3 NORWOOD 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 3 NORWOOD LANE?

3 NORWOOD LANE is located in NEWPORT PAGNELL, in the MK16 postcode district. The below map shows the position of No. 3 on NORWOOD LANE.