24, TOWER DRIVE, NEATH HILL, MILTON KEYNES, MK14 6HY - £277,000

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

24 TOWER DRIVE is a very small detached house of 74m², built sometime between 1976 and 1982. It was last sold for £277,000 in July 2016, which was around 33% below the average July 2016 detached price in the Milton Keynes local authority area. The most recent EPC inspection was February 2016, where the current energy rating was C, and the potential energy rating was B.

24 TOWER DRIVE Sold Prices

Land registry data shows four sales for 24 TOWER DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the four 24 TOWER DRIVE 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
2016 8 JUL	£277,000	£415,310	33% below HPI
2007 26 OCT	£200,000	£309,178	35% below HPI
2002 12 APR	£120,000	£177,121	32% below HPI
2001 2 APR	£99,000	£149,708	34% below HPI

24 TOWER 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 four 24 TOWER DRIVE sales between April 2001 and July 2016 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 October 2007 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the July 2016 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 24 TOWER DRIVE?

24 TOWER DRIVE is 74m² according to the EPC inspection conducted in February 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 24 TOWER DRIVE lies on this distribution: 7% of detached houses are smaller than 24 TOWER DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

24 TOWER DRIVE: Plot and Title Map

24 TOWER DRIVE sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 24 TOWER 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 24 TOWER 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 24 TOWER DRIVE?

24 TOWER DRIVE is located in NEATH HILL, in the MK14 postcode district. The below map shows the position of No. 24 on TOWER DRIVE.