8, SPARK WAY, NEWPORT PAGNELL, MK16 8RE - £370,000

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 SPARK WAY is a very large extended semi-detached house of 151m², built sometime between 1976 and 1982. It was last sold for £370,000 in July 2021, which was around 20% below the average July 2021 detached price in the Milton Keynes local authority area. The most recent EPC inspection was February 2021, where the current energy rating was C, and the potential energy rating was B.

8 SPARK WAY Sold Prices

Land registry data shows four sales for 8 SPARK WAY 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 8 SPARK WAY 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 27 JUL	£370,000	£461,183	20% below HPI
2015 20 JAN	£243,000	£341,733	29% below HPI
2007 29 JUN	£230,000	£290,794	21% below HPI
2002 4 OCT	£125,000	£207,419	40% below HPI

8 SPARK WAY 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 8 SPARK WAY sales between October 2002 and July 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 January 2015 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the July 2021 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 8 SPARK WAY?

8 SPARK WAY is 151m², which includes one extension, according to the EPC inspection conducted in February 2021. This puts it in the largest 20% of detached houses in Newport Pagnell, based on EPC data. The below chart shows the distribution of detached houses by size in Newport Pagnell, and where 8 SPARK WAY lies on this distribution: 86% of detached houses are smaller than 8 SPARK WAY, and 14% of houses are larger. Note that EPC data is not available for all properties in Newport Pagnell.

8 SPARK WAY: Plot and Title Map

8 SPARK WAY sits on a plot of roughly 0.059 of an acre, or 240m². The below map shows the location of 8 SPARK WAY, 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 SPARK WAY). 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 SPARK WAY?

8 SPARK WAY is located in NEWPORT PAGNELL, in the MK16 postcode district. The below map shows the position of No. 8 on SPARK WAY.