2, OCTAVIAN DRIVE, BANCROFT, MILTON KEYNES, MK13 0PN - £540,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 OCTAVIAN DRIVE is a large extended detached house of 161m², built sometime between 1983 and 1990. It was last sold for £540,000 in August 2015, which was around 47% above the average August 2015 detached price in the Milton Keynes local authority area. The most recent EPC inspection was April 2015, where the current energy rating was C, and the potential energy rating was B.

2 OCTAVIAN DRIVE Sold Prices

Land registry data shows three sales for 2 OCTAVIAN DRIVE 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 OCTAVIAN DRIVE 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
2015 12 AUG	£540,000	£367,219	47% above HPI
2003 4 APR	£338,000	£229,446	47% above HPI
1997 2 JUL	£139,000	£93,887	48% above HPI

2 OCTAVIAN DRIVE 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 OCTAVIAN DRIVE sales between July 1997 and August 2015 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 2003 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the August 2015 sale, which was also at 47% above the HPI.

How Large is 2 OCTAVIAN DRIVE?

2 OCTAVIAN DRIVE is 161m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the largest 30% 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 OCTAVIAN DRIVE lies on this distribution: 78% of detached houses are smaller than 2 OCTAVIAN DRIVE, and 21% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

2 OCTAVIAN DRIVE: Plot and Title Map

2 OCTAVIAN DRIVE sits on a plot of roughly 0.160 of an acre, or 646m². The below map shows the location of 2 OCTAVIAN DRIVE, 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 OCTAVIAN DRIVE). 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 OCTAVIAN DRIVE?

2 OCTAVIAN DRIVE is located in BANCROFT, in the MK13 postcode district. The below map shows the position of No. 2 on OCTAVIAN DRIVE.