40, MILESMERE, TWO MILE ASH, MILTON KEYNES, MK8 8DP - £435,000

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

40 MILESMERE is a very small extended detached house of 68m², built sometime between 1991 and 1995. It was last sold for £435,000 in May 2021, which was around 2% below the average May 2021 detached price in the Milton Keynes local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was B.

40 MILESMERE Sold Prices

Land registry data shows two sales for 40 MILESMERE 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 40 MILESMERE 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
2021 6 MAY	£435,000	£445,943	2% below HPI
2004 5 NOV	£248,000	£257,141	4% below HPI

40 MILESMERE 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 40 MILESMERE sales from November 2004 and May 2021 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 November 2004 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the May 2021 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 40 MILESMERE?

40 MILESMERE is 68m², which includes one extension, according to the EPC inspection conducted in October 2020. 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 40 MILESMERE lies on this distribution: 4% of detached houses are smaller than 40 MILESMERE, and 96% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

40 MILESMERE: Plot and Title Map

40 MILESMERE sits on a plot of roughly 0.120 of an acre, or 486m². The below map shows the location of 40 MILESMERE, 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 40 MILESMERE). 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 40 MILESMERE?

40 MILESMERE is located in TWO MILE ASH, in the MK8 postcode district. The below map shows the position of No. 40 on MILESMERE.