3B, PHOEBE LANE, WAVENDON, MILTON KEYNES, MK17 8LR - £820,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

3B PHOEBE LANE is a midsized detached house of 173m², built sometime between 1991 and 1995. It was last sold for £820,000 in February 2024, which was around 59% above the average February 2024 detached price in the Milton Keynes local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was C.

3B PHOEBE LANE Sold Prices

Land registry data shows two sales for 3B PHOEBE 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 3B PHOEBE 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
2024 28 FEB	£820,000	£514,392	59% above HPI
2011 15 MAR	£495,000	£264,981	87% above HPI

3B PHOEBE 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 3B PHOEBE LANE sales from March 2011 and February 2024 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 2011 sale was for 87% above the HPI. So the extrapolation line tracks at 87% above the HPI over time, until the February 2024 sale, where it falls to 59% above the HPI. The line then continues to track at 59% above the HPI.

How Large is 3B PHOEBE LANE?

3B PHOEBE LANE is 173m² according to the EPC inspection conducted in April 2023. This puts it in the largest 50% of detached houses in Wavendon, based on EPC data. The below chart shows the distribution of detached houses by size in Wavendon, and where 3B PHOEBE LANE lies on this distribution: 53% of detached houses are smaller than 3B PHOEBE LANE, and 48% of houses are larger. Note that EPC data is not available for all properties in Wavendon.

3B PHOEBE LANE: Plot and Title Map

3B PHOEBE LANE sits on a plot of roughly 0.243 of an acre, or 981m². The below map shows the location of 3B PHOEBE 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 3B PHOEBE 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 3B PHOEBE LANE?

3B PHOEBE LANE is located in WAVENDON, in the MK17 postcode district. The below map shows the position of No. 3B on PHOEBE LANE.