8, TOWER DRIVE, NEATH HILL, MILTON KEYNES, MK14 6HY - £315,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 TOWER DRIVE is a small detached house of 92m², built sometime between 1976 and 1982, which could now be worth an estimated £387,656. It was last sold for £315,000 in October 2020, which was around 31% below the average October 2020 detached price in the Milton Keynes local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was B.

8 TOWER DRIVE Sold Prices

Land registry data shows four sales for 8 TOWER DRIVE 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 TOWER 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
2020 21 OCT	£315,000	£459,450	31% below HPI
2009 14 JAN	£183,000	£263,428	31% below HPI
2004 9 JUL	£198,000	£257,363	23% below HPI
2004 10 MAR	£162,500	£246,432	34% below HPI

8 TOWER DRIVE 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 TOWER DRIVE sales between March 2004 and October 2020 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 2009 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the October 2020 sale, which was also at 31% below the HPI.

What might 8 TOWER DRIVE be worth now?

8 TOWER DRIVE might now be worth an estimated £387,656.

This is based on house price inflation of 23.1%, between October 2020 and February 2025, for detached houses, in the Milton Keynes local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.1% inflationary increase is applied to the most recent sale price for 8 TOWER DRIVE of £315,000 on 21st October 2020. For the value to have increased from £315,000 to £387,656 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 8 TOWER DRIVE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The October 2020 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 8 TOWER DRIVE has not materially changed since October 2020.

How Large is 8 TOWER DRIVE?

8 TOWER DRIVE is 92m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 30% of detached houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Milton Keynes, and where 8 TOWER DRIVE lies on this distribution: 21% of detached houses houses are smaller than 8 TOWER DRIVE, and 78% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

8 TOWER DRIVE: Plot and Title Map

8 TOWER DRIVE sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of 8 TOWER 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 TOWER 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 TOWER DRIVE?

8 TOWER DRIVE is located in NEATH HILL, in the MK14 postcode district. The below map shows the position of No. 8 on TOWER DRIVE.