1, MERSEY WAY, BLETCHLEY, MILTON KEYNES, MK3 7QJ - £194,000

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

1 MERSEY WAY is a small extended detached house of 99m², built sometime between 1967 and 1975. It was last sold for £194,000 in February 2011, which was around 28% below the average February 2011 detached price in the Milton Keynes local authority area. The most recent EPC inspection was October 2009, where the current energy rating was D, and the potential energy rating was C.

1 MERSEY WAY Sold Prices

Land registry data shows three sales for 1 MERSEY WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the three 1 MERSEY 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
2011 3 FEB	£194,000	£269,185	28% below HPI
2000 30 JUN	£120,000	£138,476	13% below HPI
1998 8 APR	£90,000	£100,980	11% below HPI

1 MERSEY 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 three 1 MERSEY WAY sales between April 1998 and February 2011 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 June 2000 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the February 2011 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 1 MERSEY WAY?

1 MERSEY WAY is 99m², which includes one extension, according to the EPC inspection conducted in October 2009. This puts it in the smallest 40% of detached houses in Bletchley, based on EPC data. The below chart shows the distribution of detached houses by size in Bletchley, and where 1 MERSEY WAY lies on this distribution: 33% of detached houses are smaller than 1 MERSEY WAY, and 67% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

1 MERSEY WAY: Plot and Title Map

1 MERSEY WAY sits on a plot of roughly 0.085 of an acre, or 345m². The below map shows the location of 1 MERSEY 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 1 MERSEY 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 1 MERSEY WAY?

1 MERSEY WAY is located in BLETCHLEY, in the MK3 postcode district. The below map shows the position of No. 1 on MERSEY WAY.