2, BACK LANE, TINGEWICK, BUCKINGHAM, MK18 4RL - £360,000

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.

2 BACK LANE is a very small detached house of 106m², built sometime between 1983 and 1990, which could now be worth an estimated £421,240. It was last sold for £360,000 in December 2019, which was around 51% below the average December 2019 detached price in the Buckinghamshire local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was B.

2 BACK LANE Sold Prices

Land registry data shows three sales for 2 BACK LANE 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 2 BACK 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
2019 2 DEC	£360,000	£729,739	51% below HPI
2002 15 MAY	£205,000	£343,668	40% below HPI
1999 31 MAR	£138,000	£224,886	39% below HPI

2 BACK LANE 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 2 BACK LANE sales between March 1999 and December 2019 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 2002 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the December 2019 sale, where it falls to 51% below the HPI. The line then continues to track at 51% below the HPI.

What might 2 BACK LANE be worth now?

2 BACK LANE might now be worth an estimated £421,240.

This is based on house price inflation of 17%, between December 2019 and April 2026, for detached houses, in the Buckinghamshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17% inflationary increase is applied to the most recent sale price for 2 BACK LANE of £360,000 on 2nd December 2019. For the value to have increased from £360,000 to £421,240 over the seven years and eight months to April 2026, the following assumptions must hold true:

• The value of 2 BACK LANE has moved in line with the HPI for detached houses in the Buckinghamshire local authority area.
• The December 2019 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BACK LANE has not materially changed since December 2019.

How Large is 2 BACK LANE?

2 BACK LANE is 106m² according to the EPC inspection conducted in September 2018. This puts it in the smallest 20% of detached houses houses in Tingewick, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tingewick, and where 2 BACK LANE lies on this distribution: 20% of detached houses houses are smaller than 2 BACK LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Tingewick.

2 BACK LANE: Plot and Title Map

2 BACK LANE sits on a plot of roughly 0.168 of an acre, or 680m². The below map shows the location of 2 BACK 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 2 BACK 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 2 BACK LANE?

2 BACK LANE is located in TINGEWICK, in the MK18 postcode district. The below map shows the position of No. 2 on BACK LANE.