FERNBANK, LODGE LANE, STOKE HAMMOND, MILTON KEYNES, MK17 9BU - £575,000

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

FERNBANK is a very small extended detached house of 103m², built sometime before 1900. It was last sold for £575,000 in December 2021, which was around 25% below the average December 2021 detached price in the Buckinghamshire local authority area. The most recent EPC inspection was November 2021, where the current energy rating was E, and the potential energy rating was B.

FERNBANK Sold Prices

Land registry data shows three sales for FERNBANK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Buckinghamshire local authority area for the corresponding sale date. All of the three FERNBANK 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
2021 14 DEC	£575,000	£768,530	25% below HPI
2013 17 MAY	£310,000	£506,911	39% below HPI
2008 21 AUG	£290,000	£482,766	40% below HPI

FERNBANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Buckinghamshire local authority area over time, sourced from the HPI. The three FERNBANK sales between August 2008 and December 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 May 2013 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the December 2021 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is FERNBANK?

FERNBANK is 103m², which includes two extensions, according to the EPC inspection conducted in November 2021. This puts it in the smallest 20% of detached houses in Stoke Hammond, based on EPC data. The below chart shows the distribution of detached houses by size in Stoke Hammond, and where FERNBANK lies on this distribution: 10% of detached houses are smaller than FERNBANK, and 90% of houses are larger. Note that EPC data is not available for all properties in Stoke Hammond.

FERNBANK: Plot and Title Map

FERNBANK sits on a plot of roughly 0.111 of an acre, or 448m². The below map shows the location of FERNBANK, 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 FERNBANK). 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 FERNBANK?

FERNBANK is located on LODGE LANE in STOKE HAMMOND, in the MK17 postcode district. The below map shows the position of FERNBANK on LODGE LANE.