4, THE APPROACH, TWO MILE ASH, MILTON KEYNES, MK8 8BJ - £380,000

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

4 THE APPROACH is a very large extended detached house of 176m², built sometime between 1983 and 1990. It was last sold for £380,000 in August 2013, which was around 29% above the average August 2013 detached price in the Milton Keynes local authority area. The most recent EPC inspection was October 2008, where the current energy rating was E, and the potential energy rating was C.

4 THE APPROACH Sold Prices

Land registry data shows four sales for 4 THE APPROACH 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 4 THE APPROACH 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
2013 15 AUG	£380,000	£294,610	29% above HPI
2007 20 APR	£350,000	£279,712	25% above HPI
2002 3 MAY	£205,000	£181,287	13% above HPI
1996 22 APR	£99,000	£83,877	18% above HPI

4 THE APPROACH 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 4 THE APPROACH sales between April 1996 and August 2013 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 2007 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the August 2013 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

How Large is 4 THE APPROACH?

4 THE APPROACH is 176m², which includes one extension, according to the EPC inspection conducted in October 2008. This puts it in the largest 20% 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 4 THE APPROACH lies on this distribution: 85% of detached houses are smaller than 4 THE APPROACH, and 15% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

4 THE APPROACH: Plot and Title Map

4 THE APPROACH sits on a plot of roughly 0.091 of an acre, or 366m². The below map shows the location of 4 THE APPROACH, 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 4 THE APPROACH). 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 4 THE APPROACH?

4 THE APPROACH is located in TWO MILE ASH, in the MK8 postcode district. The below map shows the position of No. 4 on THE APPROACH.