9, GATEWICK LANE, CALDECOTTE, MILTON KEYNES, MK7 8LH - £225,000

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

9 GATEWICK LANE is a small extended detached house of 95m², built sometime between 1983 and 1990. It was last sold for £225,000 in July 2004, which was around 10% below the average July 2004 detached price in the Milton Keynes local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

9 GATEWICK LANE Sold Prices

Land registry data shows two sales for 9 GATEWICK 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 9 GATEWICK 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
2004 30 JUL	£225,000	£248,985	10% below HPI
1997 2 MAY	£78,000	£89,492	13% below HPI

9 GATEWICK 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 9 GATEWICK LANE sales from May 1997 and July 2004 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 May 1997 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the July 2004 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 9 GATEWICK LANE?

9 GATEWICK LANE is 95m², which includes one extension, according to the EPC inspection conducted in August 2014. This puts it in the smallest 30% 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 9 GATEWICK LANE lies on this distribution: 24% of detached houses are smaller than 9 GATEWICK LANE, and 75% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

9 GATEWICK LANE: Plot and Title Map

9 GATEWICK LANE sits on a plot of roughly 0.070 of an acre, or 283m². The below map shows the location of 9 GATEWICK 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 9 GATEWICK 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 9 GATEWICK LANE?

9 GATEWICK LANE is located in CALDECOTTE, in the MK7 postcode district. The below map shows the position of No. 9 on GATEWICK LANE.