3, WELLES LANE, OXLEY PARK, MILTON KEYNES, MK4 4GX - £265,000

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 WELLES LANE is a very small extended semi-detached house of 78m², built sometime from 2007 onwards. It was last sold for £265,000 in August 2018, which was around 40% below the average August 2018 detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2012, where the current energy rating was C, and the potential energy rating was B.

3 WELLES LANE Sold Prices

Land registry data shows three sales for 3 WELLES 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 WELLES 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
2018 28 AUG	£265,000	£444,215	40% below HPI
2013 12 MAR	£165,000	£284,452	42% below HPI
2007 23 NOV	£229,995	£306,776	25% below HPI

3 WELLES 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 WELLES LANE sales between November 2007 and August 2018 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 2013 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the August 2018 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 3 WELLES LANE?

3 WELLES LANE is 78m², which includes one extension, according to the EPC inspection conducted in May 2012. This puts it in the smallest 20% 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 WELLES LANE lies on this distribution: 10% of detached houses are smaller than 3 WELLES LANE, and 90% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

3 WELLES LANE: Plot and Title Map

3 WELLES LANE sits on a plot of roughly 0.047 of an acre, or 191m². The below map shows the location of 3 WELLES 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 WELLES 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 WELLES LANE?

3 WELLES LANE is located in OXLEY PARK, in the MK4 postcode district. The below map shows the position of No. 3 on WELLES LANE.