4, THE APPROACH, TWO MILE ASH, MILTON KEYNES, MK8 8BJ - £380,000

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.

4 THE APPROACH is a very large extended detached house of 176m², built sometime between 1983 and 1990, which could now be worth an estimated £705,566. It was last sold for £380,000 in August 2013, which was around 25% above the average August 2013 detached price in the Milton Keynes local authority area. The most recent EPC inspection was October 2008, where the current energy rating was E, and the potential energy rating was C.

4 THE APPROACH Sold Prices

Land registry data shows four sales for 4 THE APPROACH 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 4 THE APPROACH 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
2013 15 AUG	£380,000	£304,523	25% above HPI
2007 20 APR	£350,000	£289,124	21% above HPI
2002 3 MAY	£205,000	£187,387	9% above HPI
1996 22 APR	£99,000	£86,699	14% above HPI

4 THE APPROACH 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 4 THE APPROACH sales between April 1996 and August 2013 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 April 2007 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the August 2013 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 4 THE APPROACH be worth now?

4 THE APPROACH might now be worth an estimated £705,566.

This is based on house price inflation of 85.7%, between August 2013 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 85.7% inflationary increase is applied to the most recent sale price for 4 THE APPROACH of £380,000 on 15th August 2013. For the value to have increased from £380,000 to £705,566 over the twelve years and six months to February 2025, the following assumptions must hold true:

• The value of 4 THE APPROACH has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The August 2013 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of 4 THE APPROACH has not materially changed since August 2013.

How Large is 4 THE APPROACH?

4 THE APPROACH is 176m², which includes one extension, according to the EPC inspection conducted in October 2008. This puts it in the largest 20% 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 4 THE APPROACH lies on this distribution: 85% of detached houses houses are smaller than 4 THE APPROACH, and 15% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

4 THE APPROACH: Plot and Title Map

4 THE APPROACH sits on a plot of roughly 0.090 of an acre, or 366m². The below map shows the location of 4 THE APPROACH, 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 4 THE APPROACH). 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 4 THE APPROACH?

4 THE APPROACH is located in TWO MILE ASH, in the MK8 postcode district. The below map shows the position of No. 4 on THE APPROACH.