4, POWIS LANE, WESTCROFT, MILTON KEYNES, MK4 4DR - £625,000

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

4 POWIS LANE is a very large extended detached house of 171m², built sometime between 1996 and 2002. It was last sold for £625,000 in November 2021, which was around 30% above the average November 2021 detached price in the Milton Keynes local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was B.

4 POWIS LANE Sold Prices

Land registry data shows two sales for 4 POWIS 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 4 POWIS 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 26 NOV	£625,000	£479,135	30% above HPI
1999 7 JAN	£152,450	£108,106	41% above HPI

4 POWIS 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 4 POWIS LANE sales from January 1999 and November 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 January 1999 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the November 2021 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is 4 POWIS LANE?

4 POWIS LANE is 171m², which includes two extensions, according to the EPC inspection conducted in July 2021. This puts it in the largest 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 4 POWIS LANE lies on this distribution: 83% of detached houses are smaller than 4 POWIS LANE, and 17% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

4 POWIS LANE: Plot and Title Map

4 POWIS LANE sits on a plot of roughly 0.128 of an acre, or 517m². The below map shows the location of 4 POWIS 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 4 POWIS 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 4 POWIS LANE?

4 POWIS LANE is located in WESTCROFT, in the MK4 postcode district. The below map shows the position of No. 4 on POWIS LANE.