48, MALVERN DRIVE, FULLERS SLADE, MILTON KEYNES, MK11 2AE - £197,000

48 MALVERN DRIVE is a very small detached house of 71m², built sometime between 1967 and 1975. It was last sold for £197,000 in March 2015, which was around 44% below the average March 2015 detached price in the Milton Keynes local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

48 MALVERN DRIVE Sold Prices

Land registry data shows four sales for 48 MALVERN 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 48 MALVERN 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
2015 2 MAR	£197,000	£349,642	44% below HPI
2005 8 FEB	£160,000	£248,555	36% below HPI
1999 29 SEP	£71,000	£121,443	42% below HPI
1998 31 JUL	£65,500	£106,241	38% below HPI

48 MALVERN 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 48 MALVERN DRIVE sales between July 1998 and March 2015 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 February 2005 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the March 2015 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 48 MALVERN DRIVE?

48 MALVERN DRIVE is 71m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 10% 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 48 MALVERN DRIVE lies on this distribution: 6% of detached houses are smaller than 48 MALVERN DRIVE, and 94% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

48 MALVERN DRIVE: Plot and Title Map

48 MALVERN DRIVE sits on a plot of roughly 0.064 of an acre, or 257m². The below map shows the location of 48 MALVERN 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 48 MALVERN 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 48 MALVERN DRIVE?

48 MALVERN DRIVE is located in FULLERS SLADE, in the MK11 postcode district. The below map shows the position of No. 48 on MALVERN DRIVE.