40, LOCKHART AVENUE, OXLEY PARK, MILTON KEYNES, MK4 4TY - £562,500

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.

40 LOCKHART AVENUE is a very large detached house of 223m², built sometime from 2007 onwards, which could now be worth an estimated £679,373. It was last sold for £562,500 in June 2021, which was around 20% above the average June 2021 detached price in the Milton Keynes local authority area. The most recent EPC inspection was June 2012, where the current energy rating was C, and the potential energy rating was B.

40 LOCKHART AVENUE Sold Prices

Land registry data shows two sales for 40 LOCKHART AVENUE 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 40 LOCKHART AVENUE 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 28 JUN	£562,500	£468,154	20% above HPI
2008 31 OCT	£355,000	£276,142	29% above HPI

40 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 two 40 LOCKHART AVENUE sales from October 2008 and June 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 October 2008 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the June 2021 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 40 LOCKHART AVENUE be worth now?

40 LOCKHART AVENUE might now be worth an estimated £679,373.

This is based on house price inflation of 20.8%, between June 2021 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 20.8% inflationary increase is applied to the most recent sale price for 40 LOCKHART AVENUE of £562,500 on 28th June 2021. For the value to have increased from £562,500 to £679,373 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 40 LOCKHART AVENUE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The June 2021 sale price of £562,500 represented a fair market value for the property.
• The size, condition, and specification of 40 LOCKHART AVENUE has not materially changed since June 2021.

How Large is 40 LOCKHART AVENUE?

40 LOCKHART AVENUE is 223m² according to the EPC inspection conducted in June 2012. This puts it in the largest 10% 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 40 LOCKHART AVENUE lies on this distribution: 95% of detached houses houses are smaller than 40 LOCKHART AVENUE, and 5% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

40 LOCKHART AVENUE: Plot and Title Map

40 LOCKHART AVENUE sits on a plot of roughly 0.078 of an acre, or 315m². The below map shows the location of 40 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 40 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 40 LOCKHART AVENUE?

40 LOCKHART AVENUE is located in OXLEY PARK, in the MK4 postcode district. The below map shows the position of No. 40 on LOCKHART AVENUE.