24, LUCIUS LANE, FAIRFIELDS, MILTON KEYNES, MK11 4AN - £240,000

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.

24 LUCIUS LANE is a very small terraced house of 46m², built in 2016, which could now be worth an estimated £257,210. It was last sold for £240,000 in March 2022, which was around 3% below the average March 2022 terraced price in the Milton Keynes local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was A.

24 LUCIUS LANE Sold Prices

Land registry data shows four sales for 24 LUCIUS LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Milton Keynes local authority area for the corresponding sale date. Most of the four 24 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
2022 25 MAR	£240,000	£247,584	3% below HPI
2021 4 MAY	£210,000	£227,631	8% below HPI
2017 11 DEC	£223,500	£221,154	1% above HPI
2016 3 JUN	£200,995	£206,849	3% below HPI

24 LUCIUS LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Milton Keynes local authority area over time, sourced from the HPI. The four 24 LUCIUS LANE sales between June 2016 and March 2022 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 2021 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the March 2022 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 24 LUCIUS LANE be worth now?

24 LUCIUS LANE might now be worth an estimated £257,210.

This is based on house price inflation of 7.2%, between March 2022 and April 2026, for terraced 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 7.2% inflationary increase is applied to the most recent sale price for 24 LUCIUS LANE of £240,000 on 25th March 2022. For the value to have increased from £240,000 to £257,210 over the three years and eleven months to April 2026, the following assumptions must hold true:

• The value of 24 LUCIUS LANE has moved in line with the HPI for terraced houses in the Milton Keynes local authority area.
• The March 2022 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 24 LUCIUS LANE has not materially changed since March 2022.

How Large is 24 LUCIUS LANE?

24 LUCIUS LANE is 46m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 10% of terraced houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Milton Keynes, and where 24 LUCIUS LANE lies on this distribution: Less than 1% of terraced houses houses are smaller than 24 LUCIUS LANE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

24 LUCIUS LANE: Plot and Title Map

24 LUCIUS LANE sits on a plot of roughly 0.013 of an acre, or 54m². The below map shows the location of 24 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 24 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 24 LUCIUS LANE?

24 LUCIUS LANE is located in FAIRFIELDS, in the MK11 postcode district. The below map shows the position of No. 24 on LUCIUS LANE.