5B, PHOEBE LANE, WAVENDON, MILTON KEYNES, MK17 8LR - £734,470

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.

5B PHOEBE LANE is a large detached house of 202m², which could now be worth an estimated £939,931. It was last sold for £734,470 in October 2019, which was around 66% above the average October 2019 detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2019, where the current energy rating was B, and the potential energy rating was B.

5B PHOEBE LANE Sold Prices

Land registry data shows two sales for 5B PHOEBE 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 5B PHOEBE 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
2019 11 OCT	£734,470	£441,827	66% above HPI
2018 23 MAR	£750,000	£450,596	66% above HPI

5B 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 two 5B PHOEBE LANE sales from March 2018 and October 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 March 2018 sale was for 66% above the HPI. So the extrapolation line tracks at 66% above the HPI over time, until the October 2019 sale, which was also at 66% above the HPI.

What might 5B PHOEBE LANE be worth now?

5B PHOEBE LANE might now be worth an estimated £939,931.

This is based on house price inflation of 28%, between October 2019 and February 2025, 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 28% inflationary increase is applied to the most recent sale price for 5B PHOEBE LANE of £734,470 on 11th October 2019. For the value to have increased from £734,470 to £939,931 over the six years and eight months to February 2025, the following assumptions must hold true:

• The value of 5B PHOEBE LANE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The October 2019 sale price of £734,470 represented a fair market value for the property.
• The size, condition, and specification of 5B PHOEBE LANE has not materially changed since October 2019.

How Large is 5B PHOEBE LANE?

5B PHOEBE LANE is 202m² according to the EPC inspection conducted in May 2019. This puts it in the largest 40% of detached houses houses in Wavendon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wavendon, and where 5B PHOEBE LANE lies on this distribution: 68% of detached houses houses are smaller than 5B PHOEBE LANE, and 32% of houses are larger. Note that EPC data is not available for all properties in Wavendon.

5B PHOEBE LANE: Plot and Title Map

5B PHOEBE LANE sits on a plot of roughly 0.192 of an acre, or 777m². The below map shows the location of 5B 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 5B 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 5B PHOEBE LANE?

5B PHOEBE LANE is located in WAVENDON, in the MK17 postcode district. The below map shows the position of No. 5B on PHOEBE LANE.