12, MILLWARD LANE, OLNEY, MK46 4FF - £820,000

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.

12 MILLWARD LANE is a very large detached house of 168m², built in 2020, which could now be worth an estimated £868,597. It was last sold for £820,000 in August 2024, which was around 55% above the average August 2024 detached price in the Milton Keynes local authority area. The most recent EPC inspection was March 2022, where the current energy rating was B, and the potential energy rating was A.

12 MILLWARD LANE Sold Prices

Land registry data shows two sales for 12 MILLWARD 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 12 MILLWARD 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
2024 30 AUG	£820,000	£527,953	55% above HPI
2022 22 JUL	£760,000	£521,759	46% above HPI

12 MILLWARD 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 12 MILLWARD LANE sales from July 2022 and August 2024 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 July 2022 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the August 2024 sale, where it rises to 55% above the HPI. The line then continues to track at 55% above the HPI.

What might 12 MILLWARD LANE be worth now?

12 MILLWARD LANE might now be worth an estimated £868,597.

This is based on house price inflation of 5.9%, between August 2024 and July 2026, 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 5.9% inflationary increase is applied to the most recent sale price for 12 MILLWARD LANE of £820,000 on 30th August 2024. For the value to have increased from £820,000 to £868,597 over the two years and one month to July 2026, the following assumptions must hold true:

• The value of 12 MILLWARD LANE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The August 2024 sale price of £820,000 represented a fair market value for the property.
• The size, condition, and specification of 12 MILLWARD LANE has not materially changed since August 2024.

How Large is 12 MILLWARD LANE?

12 MILLWARD LANE is 168m² according to the EPC inspection conducted in March 2022. This puts it in the largest 20% of detached houses houses in Olney, based on EPC data. The below chart shows the distribution of detached houses houses by size in Olney, and where 12 MILLWARD LANE lies on this distribution: 83% of detached houses houses are smaller than 12 MILLWARD LANE, and 15% of houses are larger. Note that EPC data is not available for all properties in Olney.

12 MILLWARD LANE: Plot and Title Map

12 MILLWARD LANE sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of 12 MILLWARD 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 12 MILLWARD 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 12 MILLWARD LANE?

12 MILLWARD LANE is located in OLNEY, in the MK46 postcode district. The below map shows the position of No. 12 on MILLWARD LANE.