8, MILES DRIVE, GROVE, WANTAGE, OX12 7JA - £400,000

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

8 MILES DRIVE is a very small extended detached house of 86m², built sometime between 1950 and 1966. It was last sold for £400,000 in September 2022, which was around 37% below the average September 2022 detached price in the Vale of White Horse local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was B.

8 MILES DRIVE Sold Prices

Land registry data shows five sales for 8 MILES DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Vale of White Horse local authority area for the corresponding sale date. All of the five 8 MILES 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
2022 23 SEP	£400,000	£630,783	37% below HPI
2012 30 AUG	£280,000	£404,968	31% below HPI
2005 6 SEP	£249,500	£334,418	25% below HPI
2002 9 APR	£168,500	£266,946	37% below HPI
1995 30 OCT	£82,000	£117,754	30% below HPI

8 MILES DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Vale of White Horse local authority area over time, sourced from the HPI. The five 8 MILES DRIVE sales between October 1995 and September 2022 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 August 2012 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the September 2022 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 8 MILES DRIVE?

8 MILES DRIVE is 86m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the smallest 20% of detached houses in Grove, based on EPC data. The below chart shows the distribution of detached houses by size in Grove, and where 8 MILES DRIVE lies on this distribution: 14% of detached houses are smaller than 8 MILES DRIVE, and 86% of houses are larger. Note that EPC data is not available for all properties in Grove.

8 MILES DRIVE: Plot and Title Map

8 MILES DRIVE sits on a plot of roughly 0.155 of an acre, or 627m². The below map shows the location of 8 MILES 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 8 MILES 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 8 MILES DRIVE?

8 MILES DRIVE is located in GROVE, in the OX12 postcode district. The below map shows the position of No. 8 on MILES DRIVE.