31, LOCKHART AVENUE, OXLEY PARK, MILTON KEYNES, MK4 4TY - £280,000

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

31 LOCKHART AVENUE is a large extended detached house of 135m², built sometime between 2007 and 2011. It was last sold for £280,000 in May 2014, which was around 12% below the average May 2014 detached price in the Milton Keynes local authority area. The most recent EPC inspection was December 2021, where the current energy rating was C, and the potential energy rating was B.

31 LOCKHART AVENUE Sold Prices

Land registry data shows two sales for 31 LOCKHART AVENUE 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 31 LOCKHART AVENUE 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
2014 6 MAY	£280,000	£316,946	12% below HPI
2007 19 DEC	£289,000	£302,780	5% below HPI

31 LOCKHART AVENUE 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 31 LOCKHART AVENUE sales from December 2007 and May 2014 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 2007 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the May 2014 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 31 LOCKHART AVENUE?

31 LOCKHART AVENUE is 135m², which includes one extension, according to the EPC inspection conducted in December 2021. This puts it in the largest 40% 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 31 LOCKHART AVENUE lies on this distribution: 62% of detached houses are smaller than 31 LOCKHART AVENUE, and 38% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

31 LOCKHART AVENUE: Plot and Title Map

31 LOCKHART AVENUE sits on a plot of roughly 0.056 of an acre, or 229m². The below map shows the location of 31 LOCKHART AVENUE, 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 31 LOCKHART AVENUE). 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 31 LOCKHART AVENUE?

31 LOCKHART AVENUE is located in OXLEY PARK, in the MK4 postcode district. The below map shows the position of No. 31 on LOCKHART AVENUE.