5, MILESMERE, TWO MILE ASH, MILTON KEYNES, MK8 8DP - £585,000

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

5 MILESMERE is a large extended detached house of 147m², built sometime between 1983 and 1990. It was last sold for £585,000 in August 2023, which was around 14% above the average August 2023 detached price in the Milton Keynes local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was C.

5 MILESMERE Sold Prices

Land registry data shows four sales for 5 MILESMERE 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 5 MILESMERE 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
2023 18 AUG	£585,000	£512,712	14% above HPI
2020 6 NOV	£470,000	£446,439	5% above HPI
2007 8 FEB	£335,000	£276,207	21% above HPI
1996 3 MAY	£105,000	£84,626	24% above HPI

5 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 four 5 MILESMERE sales between May 1996 and August 2023 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 2020 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the August 2023 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is 5 MILESMERE?

5 MILESMERE is 147m², which includes two extensions, according to the EPC inspection conducted in September 2019. 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 5 MILESMERE lies on this distribution: 72% of detached houses are smaller than 5 MILESMERE, and 28% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

5 MILESMERE: Plot and Title Map

5 MILESMERE sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of 5 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 5 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 5 MILESMERE?

5 MILESMERE is located in TWO MILE ASH, in the MK8 postcode district. The below map shows the position of No. 5 on MILESMERE.