2, ECHO WAY, OAKGROVE, MILTON KEYNES, MK10 9TX - £351,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 ECHO WAY is a very small detached house of 74m². It was last sold for £351,000 in August 2022, which was around 32% below the average August 2022 detached price in the Milton Keynes local authority area. The most recent EPC inspection was April 2016, where the current energy rating was B, and the potential energy rating was A.

2 ECHO WAY Sold Prices

Land registry data shows three sales for 2 ECHO WAY 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 2 ECHO WAY 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 31 AUG	£351,000	£514,949	32% below HPI
2018 3 AUG	£315,000	£444,215	29% below HPI
2016 29 APR	£298,000	£408,596	27% below HPI

2 ECHO WAY 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 2 ECHO WAY sales between April 2016 and August 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 August 2018 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the August 2022 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 2 ECHO WAY?

2 ECHO WAY is 74m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 10% 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 ECHO WAY lies on this distribution: 7% of detached houses are smaller than 2 ECHO WAY, and 92% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

2 ECHO WAY: Plot and Title Map

2 ECHO WAY sits on a plot of roughly 10.3 acres, or 41,728m². The below map shows the location of 2 ECHO WAY, 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 ECHO WAY). 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 ECHO WAY?

2 ECHO WAY is located in OAKGROVE, in the MK10 postcode district. The below map shows the position of No. 2 on ECHO WAY.