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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 WELLES LANE is a very small extended semi-detached house of 78m², built sometime from 2007 onwards, which could now be worth an estimated £333,121. It was last sold for £265,000 in August 2018, which was around 1% below the average August 2018 semi-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 semi-detached price in the Milton Keynes local authority area for the corresponding sale date. Two of the three 3 WELLES LANE sales were for below the average price, whilst one was for above 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	£267,884	1% below HPI
2013 12 MAR	£165,000	£170,051	3% below HPI
2007 23 NOV	£229,995	£186,922	23% above HPI

3 WELLES LANE Price Paid vs. HPI Average

The below graph shows the average semi-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 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the August 2018 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 3 WELLES LANE be worth now?

3 WELLES LANE might now be worth an estimated £333,121.

This is based on house price inflation of 25.7%, between August 2018 and February 2025, for semi-detached houses, in the Milton Keynes local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.7% inflationary increase is applied to the most recent sale price for 3 WELLES LANE of £265,000 on 28th August 2018. For the value to have increased from £265,000 to £333,121 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 3 WELLES LANE has moved in line with the HPI for semi-detached houses in the Milton Keynes local authority area.
• The August 2018 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 3 WELLES LANE has not materially changed since August 2018.

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 10% of semi-detached houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Milton Keynes, and where 3 WELLES LANE lies on this distribution: 10% of semi-detached houses 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.