7, MILL LANE, WOOLSTONE, MILTON KEYNES, MK15 0AJ - £500,000

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.

7 MILL LANE is a very large extended detached house of 399m², built sometime before 1900, which could now be worth an estimated £1,104,476. It was last sold for £500,000 in April 2004, which was around 104% above the average April 2004 detached price in the Milton Keynes local authority area. The most recent EPC inspection was July 2023, where the current energy rating was D, and the potential energy rating was C.

7 MILL LANE Sold Prices

Land registry data shows two sales for 7 MILL 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 7 MILL 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
2004 16 APR	£500,000	£244,774	104% above HPI
1998 16 DEC	£275,000	£112,056	145% above HPI

7 MILL 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 7 MILL LANE sales from December 1998 and April 2004 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 December 1998 sale was for 145% above the HPI. So the extrapolation line tracks at 145% above the HPI over time, until the April 2004 sale, where it falls to 104% above the HPI. The line then continues to track at 104% above the HPI.

What might 7 MILL LANE be worth now?

7 MILL LANE might now be worth an estimated £1,104,476.

This is based on house price inflation of 120.9%, between April 2004 and April 2026, 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 120.9% inflationary increase is applied to the most recent sale price for 7 MILL LANE of £500,000 on 16th April 2004. For the value to have increased from £500,000 to £1,104,476 over the 22 years to April 2026, the following assumptions must hold true:

• The value of 7 MILL LANE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The April 2004 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MILL LANE has not materially changed since April 2004.

How Large is 7 MILL LANE?

7 MILL LANE is 399m², which includes three extensions, according to the EPC inspection conducted in July 2023. This puts it in the largest 10% of detached houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Milton Keynes, and where 7 MILL LANE lies on this distribution: More than 99% of detached houses houses are smaller than 7 MILL LANE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

7 MILL LANE: Plot and Title Map

7 MILL LANE sits on a plot of roughly 0.203 of an acre, or 822m². The below map shows the location of 7 MILL 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 7 MILL 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 7 MILL LANE?

7 MILL LANE is located in WOOLSTONE, in the MK15 postcode district. The below map shows the position of No. 7 on MILL LANE.