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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 TOWER DRIVE is a small detached house of 92m², built sometime between 1976 and 1982. It was last sold for £315,000 in October 2020, which was around 29% 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	£444,494	29% below HPI
2009 14 JAN	£183,000	£254,852	28% below HPI
2004 9 JUL	£198,000	£248,985	20% below HPI
2004 10 MAR	£162,500	£238,410	32% 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 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the October 2020 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

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 in Milton Keynes, based on EPC data. The below chart shows the distribution of detached houses by size in Milton Keynes, and where 8 TOWER DRIVE lies on this distribution: 21% of detached 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.