38, LAVENDER GROVE, WALNUT TREE, MILTON KEYNES, MK7 7DB - £165,000

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 LAVENDER GROVE is a very small detached house of 78m², built sometime between 1991 and 1995. It was last sold for £165,000 in November 2004, which was around 36% below the average November 2004 detached price in the Milton Keynes local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

38 LAVENDER GROVE Sold Prices

Land registry data shows three sales for 38 LAVENDER GROVE 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 38 LAVENDER GROVE 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
2004 16 NOV	£165,000	£257,141	36% below HPI
2002 10 JUN	£138,000	£186,552	26% below HPI
1996 31 MAY	£59,950	£84,626	29% below HPI

38 LAVENDER GROVE 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 38 LAVENDER GROVE sales between May 1996 and November 2004 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 2002 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the November 2004 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 38 LAVENDER GROVE?

38 LAVENDER GROVE is 78m² according to the EPC inspection conducted in March 2019. 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 38 LAVENDER GROVE lies on this distribution: 10% of detached houses are smaller than 38 LAVENDER GROVE, and 90% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

38 LAVENDER GROVE: Plot and Title Map

38 LAVENDER GROVE sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 38 LAVENDER GROVE, 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 LAVENDER GROVE). 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 LAVENDER GROVE?

38 LAVENDER GROVE is located in WALNUT TREE, in the MK7 postcode district. The below map shows the position of No. 38 on LAVENDER GROVE.