7, WADESMILL LANE, WALNUT TREE, MILTON KEYNES, MK7 7ED - £325,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 WADESMILL LANE is a very small detached house of 66m², built sometime between 1991 and 1995. It was last sold for £325,000 in October 2022, which was around 38% below the average October 2022 detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was B.

7 WADESMILL LANE Sold Prices

Land registry data shows two sales for 7 WADESMILL 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 7 WADESMILL LANE 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
2022 28 OCT	£325,000	£522,914	38% below HPI
2004 19 MAR	£112,000	£238,410	53% below HPI

7 WADESMILL 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 7 WADESMILL LANE sales from March 2004 and October 2022 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 2004 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the October 2022 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 7 WADESMILL LANE?

7 WADESMILL LANE is 66m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 10% 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 7 WADESMILL LANE lies on this distribution: 3% of detached houses are smaller than 7 WADESMILL LANE, and 96% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

7 WADESMILL LANE: Plot and Title Map

7 WADESMILL LANE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 7 WADESMILL 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 7 WADESMILL 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 7 WADESMILL LANE?

7 WADESMILL LANE is located in WALNUT TREE, in the MK7 postcode district. The below map shows the position of No. 7 on WADESMILL LANE.