38, GATEWICK LANE, CALDECOTTE, MILTON KEYNES, MK7 8LJ - £600,000

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

38 GATEWICK LANE is a large extended detached house of 160m², built sometime between 1996 and 2002. It was last sold for £600,000 in August 2021, which was around 27% above the average August 2021 detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

38 GATEWICK LANE Sold Prices

Land registry data shows two sales for 38 GATEWICK LANE 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 38 GATEWICK LANE sales were 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
2021 3 AUG	£600,000	£472,367	27% above HPI
1998 25 JUN	£168,950	£104,860	61% above HPI

38 GATEWICK 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 two 38 GATEWICK LANE sales from June 1998 and August 2021 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 June 1998 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the August 2021 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

How Large is 38 GATEWICK LANE?

38 GATEWICK LANE is 160m², which includes one extension, according to the EPC inspection conducted in May 2021. This puts it in the largest 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 38 GATEWICK LANE lies on this distribution: 78% of detached houses are smaller than 38 GATEWICK LANE, and 22% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

38 GATEWICK LANE: Plot and Title Map

38 GATEWICK LANE sits on a plot of roughly 0.119 of an acre, or 483m². The below map shows the location of 38 GATEWICK 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 38 GATEWICK 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 38 GATEWICK LANE?

38 GATEWICK LANE is located in CALDECOTTE, in the MK7 postcode district. The below map shows the position of No. 38 on GATEWICK LANE.