38, LOCKHART AVENUE, OXLEY PARK, MILTON KEYNES, MK4 4TY - £420,000

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.

38 LOCKHART AVENUE is a midsized detached house of 125m², built sometime from 2007 onwards, which could now be worth an estimated £520,778. It was last sold for £420,000 in October 2017, which was around 8% below the average October 2017 detached price in the Milton Keynes local authority area. The most recent EPC inspection was September 2012, where the current energy rating was C, and the potential energy rating was B.

38 LOCKHART AVENUE Sold Prices

Land registry data shows three sales for 38 LOCKHART AVENUE 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 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
2017 16 OCT	£420,000	£456,006	8% below HPI
2013 28 FEB	£250,000	£296,425	16% below HPI
2008 27 JUN	£250,000	£300,247	17% below HPI

38 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 three 38 LOCKHART AVENUE sales between June 2008 and October 2017 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 February 2013 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the October 2017 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 38 LOCKHART AVENUE be worth now?

38 LOCKHART AVENUE might now be worth an estimated £520,778.

This is based on house price inflation of 24%, between October 2017 and February 2025, for 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 24% inflationary increase is applied to the most recent sale price for 38 LOCKHART AVENUE of £420,000 on 16th October 2017. For the value to have increased from £420,000 to £520,778 over the eight years and eight months to February 2025, the following assumptions must hold true:

• The value of 38 LOCKHART AVENUE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The October 2017 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 38 LOCKHART AVENUE has not materially changed since October 2017.

How Large is 38 LOCKHART AVENUE?

38 LOCKHART AVENUE is 125m² according to the EPC inspection conducted in September 2012. This puts it in the largest 50% of detached houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Milton Keynes, and where 38 LOCKHART AVENUE lies on this distribution: 52% of detached houses houses are smaller than 38 LOCKHART AVENUE, and 47% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

38 LOCKHART AVENUE: Plot and Title Map

38 LOCKHART AVENUE sits on a plot of roughly 0.053 of an acre, or 213m². The below map shows the location of 38 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 38 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 38 LOCKHART AVENUE?

38 LOCKHART AVENUE is located in OXLEY PARK, in the MK4 postcode district. The below map shows the position of No. 38 on LOCKHART AVENUE.