4, PHOEBE LANE, WAVENDON, MILTON KEYNES, MK17 8LP - £240,000

4 PHOEBE LANE is a very small extended detached house of 100m², built sometime between 1930 and 1949. It was last sold for £240,000 in June 2014, which was around 26% below the average June 2014 detached price in the Milton Keynes local authority area. The most recent EPC inspection was October 2013, where the current energy rating was F, and the potential energy rating was D.

4 PHOEBE LANE Sold Prices

Land registry data shows three sales for 4 PHOEBE 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 Milton Keynes local authority area for the corresponding sale date. All of the three 4 PHOEBE 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
2014 13 JUN	£240,000	£323,731	26% below HPI
2013 18 APR	£152,000	£285,169	47% below HPI
2007 20 JUL	£220,000	£291,864	25% below HPI

4 PHOEBE 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 three 4 PHOEBE LANE sales between July 2007 and June 2014 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 April 2013 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the June 2014 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 4 PHOEBE LANE?

4 PHOEBE LANE is 100m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the smallest 10% of detached houses in Wavendon, based on EPC data. The below chart shows the distribution of detached houses by size in Wavendon, and where 4 PHOEBE LANE lies on this distribution: 8% of detached houses are smaller than 4 PHOEBE LANE, and 93% of houses are larger. Note that EPC data is not available for all properties in Wavendon.

4 PHOEBE LANE: Plot and Title Map

4 PHOEBE LANE sits on a plot of roughly 0.028 of an acre, or 112m². The below map shows the location of 4 PHOEBE 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 4 PHOEBE 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 4 PHOEBE LANE?

4 PHOEBE LANE is located in WAVENDON, in the MK17 postcode district. The below map shows the position of No. 4 on PHOEBE LANE.