2, LUCIUS LANE, FAIRFIELDS, MILTON KEYNES, MK11 4AN - £425,000

2 LUCIUS LANE is a very small detached house of 85m². It was last sold for £425,000 in August 2023, which was around 18% below the average August 2023 detached price in the Milton Keynes local authority area. The most recent EPC inspection was February 2016, where the current energy rating was B, and the potential energy rating was A.

2 LUCIUS LANE Sold Prices

Land registry data shows two sales for 2 LUCIUS 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 2 LUCIUS 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
2023 16 AUG	£425,000	£520,043	18% below HPI
2016 26 FEB	£295,995	£397,934	26% below HPI

2 LUCIUS 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 2 LUCIUS LANE sales from February 2016 and August 2023 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 February 2016 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the August 2023 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 2 LUCIUS LANE?

2 LUCIUS LANE is 85m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 20% 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 2 LUCIUS LANE lies on this distribution: 15% of detached houses are smaller than 2 LUCIUS LANE, and 84% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

2 LUCIUS LANE: Plot and Title Map

2 LUCIUS LANE sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 2 LUCIUS 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 LUCIUS 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 LUCIUS LANE?

2 LUCIUS LANE is located in FAIRFIELDS, in the MK11 postcode district. The below map shows the position of No. 2 on LUCIUS LANE.